Do Good Job Conditions Matter for Wages and Productivity? Theory and Evidence from Latin America

Publicado en

  • Applied Research in Quality of Life


  • Based on Akerlof and Kranton (2005) In Journal of Economic Perspectives, 19(1), 9–32, who argue that group identity and social norms influence individual preferences towards work effort, a model is developed to understand why firms create good job conditions, taking into account the cost of implementing them and their impact on wages and productivity. Then, using individual-level data from the Gallup World Poll for 18 Latin American countries, the main predictions of the model are tested using propensity score matching. We find a positive link between good job conditions and wages when there are several simultaneous signals of a good work environment. We conclude that there is a positive payoff of investing in good job conditions for both workers and firms.

fecha de publicación

  • 2017

Líneas de investigación

  • Human Resources Management
  • Identity Economics
  • Job Conditions
  • Labor Productivity
  • Latin America
  • Propensity Score Matching

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