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Fairness and Frictions: The Impact of Unequal Raises on Quit Behavior / Arindrajit Dube, Laura Giuliano, Jonathan Leonard.
- Format:
- Book
- Author/Creator:
- Dube, Arindrajit.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w24906.
- NBER working paper series no. w24906
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Fairness and Frictions
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- We analyze how separations responded to arbitrary differences in own and peer wages at a large U.S. retailer. Regression-discontinuity estimates imply large causal effects of own wages on separations, and on quits in particular. However, this own-wage response could reflect comparisons either to market wages or to peer wages. Estimates using peer-wage discontinuities show large peer-wage effects and imply the own-wage separation response mostly reflects peer comparisons. The peer effect is driven by comparisons with higher-paid peers--suggesting concerns about fairness. Separations appear fairly insensitive when raises are similar across peers--suggesting search frictions and monopsony are relevant in this low-wage sector.
- Notes:
- Print version record
- August 2018.
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