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IZA
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Fairness, Reciprocity, and Wage Rigidity
by
Truman Bewley
(May 2004)
published in: H. Gintis et al. (eds), Moral Sentiments and Material Interests: The Foundations of Cooperation in Economic Life, Cambridge: MIT Press 2005; P. Diamond & H. Vartianen (eds), Behavioral Economics and Its Applications, Princeton University Press, 2007
Abstract:
This paper contains a review of empirical work related to wage rigidity, where researchers
have collected their own data. The work includes field studies, economic experiments, and
psychological surveys. Economists have done the field studies and experiments, and
management scientists and experimental psychologists have done the surveys. There is a
remarkable agreement among the observations of all these investigators.
Text: See Discussion Paper No. 1137 
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