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high efforts. The treatment difference instead seems to be driven by the fact that the norm of equity is violated far more … frequently in the equal wage treatment. After having suffered from violations of the equity principle, agents withdraw effort … that adherence to the norm of equity is a necessary prerequisite for successful establishment of gift-exchange relations …
Persistent link: https://www.econbiz.de/10013158119
Research in sociology and ethics suggests that individuals adhere to social norms of behavior established by their peers. Within an agency framework, we model endogenous social norms by assuming each agent's cost of implementing an action depends on the social norm for that action, defined to be...
Persistent link: https://www.econbiz.de/10012725965
Each May, Forbes magazine publishes a study on tax misery. The Forbes Tax Misery Index is a proxy for evaluating whether tax policy attracts or repels capital and talent. It is computed by adding the top marginal tax rate for the corporate income tax, individual income tax, wealth tax,...
Persistent link: https://www.econbiz.de/10012729006
Research in sociology and ethics suggests that individuals adhere to social norms of behavior established by their peers. Within an agency framework, we model endogenous social norms by assuming each agent's cost of implementing an action depends on the social norm for that action, defined to be...
Persistent link: https://www.econbiz.de/10012774498
There is extensive research on the causes and consequences of actual social mobility but much less is known about subjective social mobility - about how people believe their adult social position compares to their parents' position. The ISSP Inequality-III surveys of 1999/2000 asked respondents...
Persistent link: https://www.econbiz.de/10012765749
flows from the partnership to service-providing partners. It may enhance equity, but it ignores the nature of tax …
Persistent link: https://www.econbiz.de/10012766256
A pharmacist fills a prescription for birth control pills with prenatal vitamins. An in vitro lab loses a cancer survivor's eggs. A fertility clinic exposes embryos to mad cow disease. A sperm bank switches a selected sample with one from a donor of a different race. An obstetrician predicts...
Persistent link: https://www.econbiz.de/10012969620
This paper explicitly raises the issue of the ownership rights of labour to intellectual capital. Following Marx and Engels' identification of the 'essential condition of capital' - this paper begins an initial critical exploration of the essential condition of intellectual capital, particularly...
Persistent link: https://www.econbiz.de/10012709974
This paper reports on the results of an experiment testing whether the agents self-select between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents....
Persistent link: https://www.econbiz.de/10012713959
The National Minimum/Living Wage system has become too complicated, making unintentional non-compliance a problem, and is in danger of becoming a political football. The Low Pay Commission should reject the Taylor Review proposal for new separate minima for workers on zero-hours contracts. We...
Persistent link: https://www.econbiz.de/10013224827