How Much Does Your Boss Make? The Effects of Salary Comparisons

Seminarios Joint Initiative for Latin American Experimental Economics. 6 de diciembre a las 18.00 h.
Imagen

We study how employees learn about the salaries of their peers and managers and how their beliefs about those salaries affect their own behavior. We conducted a field experiment with a sample of 2,060 employees from a multi-billion dollar corporation. We combine rich data from surveys and administrative records with data from the experiment, which provided some employees with accurate information about the salaries of others. First, we document large misperceptions about salaries and identify some of their sources. Second, we find that perceived peer and manager salaries have a significant causal effect on employee behavior. These effects are different for horizontal and vertical comparisons. While higher perceived peer salary decreases effort, output, and retention, higher perceived manager salary has a positive effect on those same outcomes. We provide suggestive evidence for the underlying mechanisms. We conclude by discussing implications for pay inequality and pay transparency.

El seminario será en inglés sin traducción simultánea

 

Expositor

Truglia/ UCEMA

Expositor: Ricardo Perez-Truglia

Assistant Professor of Economics in at UCLA’s Anderson School of Management, and is currently a Visiting Professor at Berkeley’s Haas Business School. Before joining UCLA in 2016, Ricardo was a postdoctoral researcher at Microsoft Research New England. He received his Ph.D. in economics at Harvard University in 2014, and his undergraduate degree from Universidad de San Andres. His research interests include behavioral economics, political economy and public economics. His primary research agenda focuses on how social image and social comparisons shape economic behavior. Additionally, he studies how individuals and firms acquire and process information. His research has been published in premiere academic journals and featured in a number of international media outlets.

Fecha: 6 de diciembre, 18.00 h.

Lugar: Universidad del CEMA, Av. Córdoba 374, Ciudad de Buenos Aires

Entrada: Libre y gratuita, previa inscripción.
 

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