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Cooperation and Competition in Intergenerational Experiments in

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  • Charness, Gary B
  • VILLEVAL, MARIE-CLAIRE

Abstract

There is economic pressure towards the postponement of the retirement age, but employers are still reluctant to employ older workers. We investigate the comparative behavior of juniors and seniors in experiments conducted both onsite with the employees of two large firms and in a conventional aboratory environment with students and retirees. We show that seniors are no more risk averse than juniors and are typically more cooperative; both juniors and working seniors respond strongly to competition. The implication is that it may be beneficial to define additional incentives near the end of the career to motivate and retain older workers.

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Bibliographic Info

Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number qt210035w2.

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Date of creation: 22 Jun 2008
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Handle: RePEc:cdl:ucsbec:qt210035w2

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Related research

Keywords: Age; performance; diversity; stereotypes; cooperation;

References

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  1. Charness, Gary B & Rabin, Matthew, 2001. "Understanding Social Preferences With Simple Tests," University of California at Santa Barbara, Economics Working Paper Series qt0dc3k4m5, Department of Economics, UC Santa Barbara.
  2. Emrah Arbak & Marie-Claire Villeval, 2007. "Endogenous Leadership: Selection and Influence," Post-Print halshs-00175064, HAL.
  3. Sutter, Matthias & Kocher, Martin G., 2007. "Trust and trustworthiness across different age groups," Munich Reprints in Economics 18182, University of Munich, Department of Economics.
  4. Potters, J.J.M. & Sefton, M. & Vesterlund, L., 2007. "Leading-by-example and signaling in voluntary contribution games: An experimental study," Open Access publications from Tilburg University urn:nbn:nl:ui:12-302954, Tilburg University.
  5. Bellemare, C. & Kroger, S., 2004. "On Representative Social Capital," Discussion Paper 2004-57, Tilburg University, Center for Economic Research.
  6. Joanna N. Lahey, 2008. "Age, Women, and Hiring: An Experimental Study," Journal of Human Resources, University of Wisconsin Press, vol. 43(1).
  7. Holm, Håkan & Nystedt, Paul, 2002. "Intra-Generational Trust - a Semi-Experimental Study of Trust Among Different Generations," Working Papers 2002:16, Lund University, Department of Economics.
  8. Ernst Fehr & Simon Gaechter, 1999. "Cooperation and Punishment in Public Goods Experiments," CESifo Working Paper Series 183, CESifo Group Munich.
  9. Grund, Christian & Westergård-Nielsen, Niels, 2005. "Age Structure of the Workforce and Firm Performance," Working Papers 05-10, University of Aarhus, Aarhus School of Business, Department of Economics.
  10. Riach, Peter A. & Rich, Judy, 2006. "An Experimental Investigation of Age Discrimination in the French Labour Market," IZA Discussion Papers 2522, Institute for the Study of Labor (IZA).
  11. Glenn Harrison & John List, 2004. "Field experiments," Artefactual Field Experiments 00058, The Field Experiments Website.
  12. Sabater-Grande, Gerardo & Georgantzis, Nikolaos, 2002. "Accounting for risk aversion in repeated prisoners' dilemma games: an experimental test," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 37-50, May.
  13. Eckel, Catherine C. & Grossman, Philip J., 2008. "Differences in the Economic Decisions of Men and Women: Experimental Evidence," Handbook of Experimental Economics Results, Elsevier.
  14. Barton H. Hamilton & Jack A. Nickerson & Hideo Owan, 2003. "Team Incentives and Worker Heterogeneity: An Empirical Analysis of the Impact of Teams on Productivity and Participation," Journal of Political Economy, University of Chicago Press, vol. 111(3), pages 465-497, June.
  15. Charness, Gary & Gneezy, Uri, 2003. "Portfolio Choice and Risk Attitudes: An Experiment," University of California at Santa Barbara, Economics Working Paper Series qt7vz7w609, Department of Economics, UC Santa Barbara.
  16. Greiner, Ben, 2004. "An Online Recruitment System for Economic Experiments," MPRA Paper 13513, University Library of Munich, Germany.
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