Fairness, markets, and ability to pay: Evidence from compensation executives
基于139名薪酬高管的调查数据，研究他们在设定工资时是否考虑市场工资、失业率等因素，发现市场工资差异对内部相对工资调整的影响取决于职业关联性。
This paper examines a unique data set based on surveys of 139 compensation executives. Respondents read scenarios describing a hypothetical company and its labor market, and recommended wage changes for several positions. Contrary to some popular theories, differences in unemployment, quit rates, and a company's return on assets led to almost no change in respondents' recommended wage increases. When market wages for closely related occupations diverged, most respondents did not recommend adjusting relative wages within the company; but when the occupations were not closely related (blue versus white collar), most respondents recommended adjusting relative wages to reflect market forces. Copyright 1993 by American Economic Association.