Country Differences in Ultimatum Wage Bargaining with a Real Task: Evidence from Greece, Spain and the UK
AbstractWe study ultimatum bargaining over the wage that should be paid in order to have a subject perform a given real task. Our results are obtained from experiments run in Greece, Spain and the UK. We find significantly higher wage offers and lower acceptance probabilities in the UK than in the other two countries. Interestingly, the combination of these two effects leads to higher wages in the British pool, without reducing market efficiency as compared to Spain and Greece. Country differences in both employer and employee behavior have a clear gender component.
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Bibliographic InfoPaper provided by Economics Department, Universitat Jaume I, Castellón (Spain) in its series Working Papers with number 2013/13.
Length: 27 pages
Date of creation: 2013
Date of revision:
ultimatum bargaining; real task; country differences;
Find related papers by JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-05 (All new papers)
- NEP-CBE-2013-10-05 (Cognitive & Behavioural Economics)
- NEP-EUR-2013-10-05 (Microeconomic European Issues)
- NEP-EXP-2013-10-05 (Experimental Economics)
- NEP-HRM-2013-10-05 (Human Capital & Human Resource Management)
- NEP-LAB-2013-10-05 (Labour Economics)
- NEP-LMA-2013-10-05 (Labor Markets - Supply, Demand, & Wages)
- NEP-LTV-2013-10-05 (Unemployment, Inequality & Poverty)
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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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Country Differences in Ultimatum Wage Bargaining with a Real Task: Evidence from Greece, Spain and the UK
by maximorossi in NEP-LTV blog on 2013-10-15 13:41:39
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