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Using Behavioral Economic Experiments at a Large Motor Carrier: The Context and Design of the Truckers and Turnover Project

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Author Info
Stephen V. Burks () (University of Minnesota, Morris, and IZA)
Jeffrey Carpenter () (Middlebury College and IZA)
Lorenz Götte () (Federal Reserve Bank of Boston and IZA)
Kristen Monaco () (California State University, Long Beach)
Kay Porter (Cooperating Motor Carrier)
Aldo Rustichini () (University of Minnesota)

Additional information is available for the following registered author(s):

Abstract

The Truckers and Turnover Project is a statistical case study of a single firm and its employees which matches proprietary personnel and operational data to new data collected by the researchers to create a two-year panel study of a large subset of new hires. The project’s most distinctive innovation is the data collection process which combines traditional survey instruments with behavioral economics experiments. The survey data include information on demographics, risk and loss aversion, time preference, planning, non-verbal IQ, and the MPQ personality profile. The data collected by behavioral economics experiments include risk and loss aversion, time preferences (discount rates), backward induction, patience, and the preference for cooperation in a social dilemma setting. Subjects will be followed over two years of their work lives. Among the major design goals are to discover the extent to which the survey and experimental measures are correlated, and whether and how much predictive power, with respect to key on-the-job outcome variables, is added by the behavioral measures. The panel study of new hires is being carried out against the backdrop of a second research component, the development of a more conventional indepth statistical case study of the cooperating firm and its employees. This is a high-turnover service industry setting, and the focus is on the use of survival analysis to model the flow of new employees into and out of employment, and on the correct estimation of the tenureproductivity curve for new hires, accounting for the selection effects of the high turnover.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2789.

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Length: 53 pages
Date of creation: May 2007
Date of revision:
Handle: RePEc:iza:izadps:dp2789

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Related research
Keywords: field experiment; risk aversion; loss aversion; time preference; IQ; MPQ; numeracy; U.S. trucking industry; for-hire carriage; truckload (TL); driver turnover; employment duration; survival model; tenure-productivity curve;

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Find related papers by JEL classification:
C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Microeconomic Data
C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
J63 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Turnover; Vacancies; Layoffs

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  2. Cain, Glen G, 1976. "The Challenge of Segmented Labor Market Theories to Orthodox Theory: A Survey," Journal of Economic Literature, American Economic Association, vol. 14(4), pages 1215-57, December. [Downloadable!] (restricted)
  3. Michael H. Belzer, 1995. "Collective bargaining after deregulation: Do the Teamsters still count?," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 48(4), pages 636-655, July.
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    Other versions:
  5. Oriana Bandiera & Iwan Barankay & Imran Rasul, 2005. "Social Preferences and the Response to Incentives: Evidence from Personnel Data," The Quarterly Journal of Economics, MIT Press, vol. 120(3), pages 917-962, August.
    Other versions:
  6. Dale L. Belman & Kristen A. Monaco, 2001. "The Effects of deregulation, de-unionization, technology, and human capital on the work and work lives of truck drivers," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 54(2), pages 502-524, March.
  7. Kenneth D. Boyer & Stephen V. Burks, 2007. "Stuck in the Slow Lane: Traffic Composition and the Measurement of Labor Productivity in the U.S. Trucking Industry," IZA Discussion Papers 2576, Institute for the Study of Labor (IZA). [Downloadable!]
  8. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-79, June. [Downloadable!] (restricted)
  9. Orana Bandiera & Iwan Barankay & Imran Rasul, 2006. "The Evolution of Cooperative Norms: Evidence from a Natural Field Experiment," Natural Field Experiments 0012, The Field Experiments Website.
    Other versions:
  10. William T. Dickens & Kevin Lang, 1992. "Labor Market Segmentation Theory: Reconsidering the Evidence," NBER Working Papers 4087, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  11. Urs Fischbacher, 2007. "z-Tree: Zurich toolbox for ready-made economic experiments," Experimental Economics, Springer, vol. 10(2), pages 171-178, June. [Downloadable!] (restricted)
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