COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 1383

Fairness, Reciprocity, and Wage Rigidity

Truman Bewley

October 2002

This paper contains a review of work on wage rigidity. The work includes field studies, and economic experiments, and psychological surveys. Economists have done the field studies and experiments, and management scientists and experimental psychologists have done the surveys.

Keywords: Wage rigidity, Morale, Fairness, Reciprocity

JEL Classification: J30