We introduce a concept of emotions that emerge when workers compare their own performance with a given standard or with … the performances of co-workers. Assuming heterogeneity among the workers the interplay of emotions and incentives is … identify certain conditions under which emotions lead to additional incentives and under which the employer benefits from …

puzzle. In this paper, we investigate the role of emotions as a possible explanation of tax compliance. Our laboratory … perspective of punishment after an audit, especially when the pictures of the evaders are publicly displayed, also raises emotions …

reduction in pay, we argue that the reaction of workers is dominated by emotions. On the other hand, an increase in the nominal … producing a more measured response. We present evidence from experiments showing that self-reported emotions respond strongly to … inflation rate. Although emotions may benefit individual workers, by strengthening their bargaining position and preventing wage …

cooperators relieve negative emotions when they punish free riders. In response, the free-riders experience negative emotions when …

-being by analyzing the frequency with which specific emotions are experienced in anticipation of and reaction to job loss … unemployed leads to more frequent experiences of unpleasant emotions only in the short run and that adaptation occurs more …

with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign …