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

Author

Listed:
  • Gary Charness

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

  • Marie Claire Villeval

    () (GATE - Groupe d'analyse et de théorie économique - UL2 - Université Lumière - Lyon 2 - Ecole Normale Supérieure Lettres et Sciences Humaines - CNRS - Centre National de la Recherche Scientifique)

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.

Suggested Citation

  • Gary Charness & Marie Claire Villeval, 2009. "Cooperation and Competition in Intergenerational Experiments in the Field and in the Laboratory," Post-Print halshs-00371984, HAL.
  • Handle: RePEc:hal:journl:halshs-00371984
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00371984
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    References listed on IDEAS

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    Keywords

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

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