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incentives - "Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory …' perceptions of fairness and trust are also key drivers of their work effort. Treating employees with respect is not only ethically …
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The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
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