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This paper combines ISSP survey data and experimental evidence from a gift-exchange game to determine the effect of status or relative income on work effort. We find a strong effect of others’ incomes on individual effort decisions in both datasets. The individual’s rank in the income...
Persistent link: https://www.econbiz.de/10005112715
lead, we report the results of a two-stage public good experiment with endogenous timing. Even though it turns out to be …
Persistent link: https://www.econbiz.de/10005056850