Firth, Michael; Leung, Tak Yan; Rui, Oliver M.; Na, Chaohong - In: Journal of Economic Behavior & Organization 110 (2015) C, pp. 59-77
's productivity. Using data from a major transitional economy, China, we find that relative pay is negatively associated with high … productivity. Our results provide support for the view that workers are alienated when their incomes are far lower than that of top … management and this leads to lower productivity. This effect is most pronounced in labor intensive firms. …