Working paper icon

Working paper

Interpersonal comparison, status and ambition in organisations

Abstract:

This paper argues that the prevalence of compensation systems which reward winners without explicitly identifying losers can be rationalized by workers' concern for relative payoffs. If the workers' participation constraints are binding, the firm must compensate its employees for the disutility that they may derive from low status. It follows that profit-maximizing employers may be particularly reluctant to penalize or give poor performance evaluation to employees. The theory also sheds light...

Expand abstract
Publication status:
Published

Actions


Access Document


Files:
Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2005-02-01
Paper number:
222
Keywords:
Pubs id:
1144215
Local pid:
pubs:1144215
Deposit date:
2020-12-15

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP