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Tipping is a phenomenon that illustrates the importance of social norms and psychological reasons in motivating economic behavior. People tip because this is the social norm and disobeying norms results in psychological disutility. Tipping is also economically important: in the United States...
Persistent link: https://www.econbiz.de/10005407760
The paper presents a model of the evolution of social norms. When a norm is costly to follow and people do not derive benefits from following it except for avoiding social disapproval, the norm erodes over time. Tip percentages, however, increased over the years, suggesting that people derive...
Persistent link: https://www.econbiz.de/10005556145
. Further, risk and risk aversion are quantitatively more important than the sectoral wage differential in explaining employment …
Persistent link: https://www.econbiz.de/10005118909
Australian manufacturing is a picture of diversity and contrasts. This is the main finding of this paper which examines trends in the Australian manufacturing sector over the last two decades. Manufacturing output has quadrupled since the mid-1950s. The fastest growing activities have been those...
Persistent link: https://www.econbiz.de/10005407814
Overcoming Indigenous Disadvantage: Key Indicators 2003 highlights the marked disparities between Indigenous and other Australians. While not the first report to assemble data on the social or economic status of Indigenous people, it is distinguished by the strategic framework within which the...
Persistent link: https://www.econbiz.de/10005118929