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Cooperation and Competition in Intergenerational Experiments in the Field and in the Laboratory

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Author Info

  • Gary Charness

    ()
    (Department of Economics, University of California - University of California, Santa Barbara)

  • Marie Claire Villeval

    ()
    (GATE - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - Ecole Normale Supérieure Lettres et Sciences Humaines)

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 laboratory 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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File URL: http://halshs.archives-ouvertes.fr/docs/00/37/19/84/PDF/Age_AER_second_revision.pdf
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Bibliographic Info

Paper provided by HAL in its series Post-Print with number halshs-00371984.

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Date of creation: 2009
Date of revision:
Publication status: Published, The American Economic Review, 2009, 99, 3, pp. 956-978
Handle: RePEc:hal:journl:halshs-00371984

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00371984
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Web page: http://hal.archives-ouvertes.fr/

Related research

Keywords: Age; performance; diversity; stereotypes; cooperation; competition; inter-generational games; experiments;

This paper has been announced in the following NEP Reports:

References

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Citations

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Cited by:
  1. Jeffery Flory & Uri Gneezy & Kenneth Leonard & John List, 2012. "Sex, competitiveness, and investment in offspring: On the origin of preferences," Artefactual Field Experiments 00072, The Field Experiments Website.
  2. Brice Corgnet & Roberto Hernán-González & Stephen Rassenti, 2011. "Real Effort, Real Leisure and Real-time Supervision: Incentives and Peer Pressure in Virtual Organizations," Working Papers 11-05, Chapman University, Economic Science Institute.
  3. Luis Aranda & Martin Daniel Siyaranamual, 2014. "Are Smarter People Better Samaritans? Effect of Cognitive Abilities on Pro-Social Behaviors," Working Papers in Economics and Development Studies (WoPEDS) 201405, Department of Economics, Padjadjaran University, revised May 2014.
  4. Barmettler, Franziska & Fehr, Ernst & Zehnder, Christian, 2011. "Big Experimenter Is Watching You! Anonymity and Prosocial Behavior in the Laboratory," IZA Discussion Papers 5925, Institute for the Study of Labor (IZA).
  5. Charness, Gary & Gneezy, Uri & Kuhn, Michael A., 2013. "Experimental methods: Extra-laboratory experiments-extending the reach of experimental economics," Journal of Economic Behavior & Organization, Elsevier, vol. 91(C), pages 93-100.
  6. Luis Aranda & Martin Siyaranamual, 2014. "Are Smarter People Better Samaritans? Effect of Cognitive Abilities on Pro-Social Behaviors," Working Papers 2014:06, Department of Economics, University of Venice "Ca' Foscari".
  7. Cooper, David J. & Saral, Krista Jabs, 2010. "Entrepreneurship and Team Participation: An Experimental Study," MPRA Paper 25144, University Library of Munich, Germany.
  8. Kocher, Martin G. & Martinsson, Peter & Matzat, Dominik & Wollbrant, Conny, 2011. "The role of beliefs, trust, and risk in contributions to a public good," Working Papers in Economics 482, University of Gothenburg, Department of Economics.
  9. Thierry Madiès & Marie Claire Villeval & Malgorzata Wasmer, 2013. "Intergenerational Attitudes Towards Strategic Uncertainty and Competition: A Field Experiment in a Swiss Bank," Post-Print halshs-00807436, HAL.

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