On the role of social wage comparisons in gift-exchange experiments
AbstractThis study extends a bilateral gift exchange experiment by Clark et al. (2010) who investigate how feedback of information about wages paid in the market affects both employers' wage setting and workers' performance. We provide either quantitative or qualitative information on the average wage paid in all worker-employer-relationships, and we also study repeated relationships (fixedmatching). 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 InfoPaper provided by Christian-Albrechts-University of Kiel, Department of Economics in its series Economics Working Papers with number 2010,11.
Date of creation: 2010
Date of revision:
gift-exchange; reciprocity; wage difference; economic experiment;
Other versions of this item:
- Siang, Ch'ng Kean & Requate, Till & Waichman, Israel, 2011. "On the role of social wage comparisons in gift-exchange experiments," Economics Letters, Elsevier, vol. 112(1), pages 75-78, July.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Economics; 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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