TY - RPRT AU - Bewley, Truman TI - Fairness, Reciprocity, and Wage Rigidity PY - 2004/May/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 1137 UR - https://www.iza.org/index.php/publications/dp1137 AB - 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. KW - hiring KW - wage and salary determination KW - wage rigidity KW - unemployment KW - layoffs KW - and firing ER -