Welfare to work and work to welfare: the effect of the reference point -- a theoretical and experimental study

This paper shows theoretically (based on loss aversion) and experimentally that the replacement rate between allowance and salary is above one when moving from work to welfare. When moving from welfare to work the replacement rate is lower than one.

MoreLess

Year of publication:	2009
Authors:	Sherman, Arie ; Shavit, Tal
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 105.2009, 3, p. 290-292
Publisher:	Elsevier
Keywords:	Welfare Work Reference point Experiment Loss aversion Replacement rate

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008474009