Relative pay and labor supply

by Anat Bracha and Uri Gneezy

The authors use a labor supply; relative pay; experimental economics laboratory experiment to examine the impact of relative wages on labor supply. They test the hypothesis that, ceteris paribus, making a given wage high (low) relative to other wage levels will lead to an increase (decrease) in labor supply. They find that labor supply does respond significantly to relative pay, and in the expected direction. However, when a strong enough reason is given for the relative low pay, this difference disappears. -- labor supply ; relative pay ; experimental economics

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Year of publication:	2012 ; This version: July 10, 2012
Authors:	Bracha, Anat ; Genîzî, Ûrî
Publisher:	Boston, Mass. : Federal Reserve Bank of Boston
Subject:	Arbeitsangebot \| Labour supply \| Arbeitsmarkttheorie \| Labour market theory \| Arbeitsbeziehungen \| Employment relations \| Lohn \| Wages \| USA \| United States \| Experiment \| Theorie \| Theory

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Extent:	Online-Ressource (PDF-Datei: 18 S., 309 KB) graph. Darst.
Series:	Working papers / Federal Reserve Bank of Boston. - Boston, Mass. : [Verlag nicht ermittelbar], ZDB-ID 2180749-8. - Vol. 12-6
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/96427 [Handle]
Classification:	J22 - Time Allocation and Labor Supply ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; D03 - Behavioral Economics; Underlying Principles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009569610