On the role of social wage comparisons in gift-exchange experiments
AbstractThis study extends a bilateral gift-exchange experiment byÂ Clark etÂ al. (2010). We investigate how the provision of either quantitative or qualitative information on the average wage paid in all worker-employer relationships impacts the wage set by employers and worker performance. We find that information on the average wage reduces (increases) both wage offers and effort levels in one-shot (repeated) relationships.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 112 (2011)
Issue (Month): 1 (July)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Gift exchange Reciprocity Wage difference Economic experiment;
Other versions of this item:
- Siang, Ch'ng Kean & Requate, Till & Waichman, Israel, 2010. "On the role of social wage comparisons in gift-exchange experiments," Economics Working Papers 2010,11, Christian-Albrechts-University of Kiel, Department of Economics.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
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