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584. How to Pave the Road to Hell
Freakonomics Radio
Pay Transparency and Secrecy in Firms
Firms are expected to internalize career incentives for employees by offering steep salary progression to ensure loyalty. Younger employees tend to advocate for pay transparency more than older workers. However, there is a trend of secrecy around income as individuals become wealthier and older, with fear of resentment being the main reason cited for withholding income information. The concept of resentment is taken seriously, indicating a psychological barrier to sharing income information.
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