Bosses get paid a lot more than their employees. Are employees aware of this inequality? Do they find it demotivating? We provide evidence from a field experiment with 2,060 employees from a large financial corporation.
Cullen, Z. and Perez-Truglia, R. (2018). How Much Does Your Boss Make? The Effects of Salary Comparisons. NBER Working Paper No. 24841. [Revise & Resubmit, Journal of Political Economy]