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contracts is characterized by efficiency wages, rent sharing and high levels of cooperation, whereas fully incomplete contracts …
Persistent link: https://www.econbiz.de/10005762063
The public finance literature demonstrates the equivalence between consumption and labor-income (wage) taxes. We introduce an experimental paradigm in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this paradigm to test whether a...
Persistent link: https://www.econbiz.de/10008611322
Development of human societies requires cooperation among unrelated individuals and obedience to social norms. Although … punishment is widely agreed to be potentially useful in fostering cooperation, many recent results in psychology and economics … eliminate its detrimental effects on cooperation. In a public goods game designed to create tension between group and individual …
Persistent link: https://www.econbiz.de/10005822503
temporary contract, while others are permanent members of the same team. In a laboratory experiment we analyze the cooperation …In organizations, some team members are assigned to a team for a predefined short period of time, e.g., as they have a … levels resulting from diverse teams, where some team members remain with a team and others are switching teams. Our results …
Persistent link: https://www.econbiz.de/10011125872
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...
Persistent link: https://www.econbiz.de/10010959657
cooperation, i.e., face-to-face, phone call and two different sorts of computer-mediated communication. The less anonymous (face …
Persistent link: https://www.econbiz.de/10010959794
We show that temporally distancing the decision task from the payment of the reward increases honest behavior. Each of 427 Israeli soldiers fulfilling their mandatory military service rolled a six-sided die in private and reported the outcome to the unit's cadet coordinator. For every point...
Persistent link: https://www.econbiz.de/10010960103
Muslims do less well on the French labor market than their non Muslim counterparts. One explanation for this relative failure can be characterized by the following syllogism: (1) the empowerment of women is a sine qua non for economic progress; (2) in-group norms among Muslims do not empower...
Persistent link: https://www.econbiz.de/10010539173
In order to address the impact of regulation on ethical concerns of consumers, we study the effect of a minimum wage. In our experimental market, consumers have monopsony power, firms engage in Bertrand competition, and workers are passive recipients of a wage payment. Two treatments are...
Persistent link: https://www.econbiz.de/10005822863
The paper provides evidence that happiness raises productivity. In Experiment 1, a randomized trial is designed. Some subjects have their happiness levels increased, while those in a control group do not. Treated subjects have 12% greater productivity in a paid piece-rate Niederle-Vesterlund...
Persistent link: https://www.econbiz.de/10008550014