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fairness and reciprocity are important in individual decision-making, there is little explicit empirical evidence of reciprocal … groups of employers and employees. Wages were selected and employees asked to choose an effort level, where increased effort … wages were chosen either by the employer or by an external process. There is evidence for both distributional concerns and …
Persistent link: https://www.econbiz.de/10005707994
fairness ; discrimination …
Persistent link: https://www.econbiz.de/10003908626
fairness ; discrimination …
Persistent link: https://www.econbiz.de/10003934053
The presence of workers who reciprocate higher wages with greater effort can have important consequences for labor … fairness perceptions and social preferences in workers' performance in a field experiment in which workers were hired for a one … the base wage. Our findings suggest that fairness perceptions and social preferences are key in workers' performance …
Persistent link: https://www.econbiz.de/10009747325
The presence of workers who reciprocate higher wages with greater effort can have important consequences for labor … fairness perceptions and social preferences in workers' performance in a field experiment in which workers were hired for a one … the base wage. Our findings suggest that fairness perceptions and social preferences are key in workers' performance …
Persistent link: https://www.econbiz.de/10013088492
, agents are not informed about their co-workers' wages and efforts, but in the second treatment they are. Our results show …
Persistent link: https://www.econbiz.de/10012728738
We investigate the impact of wage comparisons for worker productivity. We present three studies which all use three-person gift-exchange experiments. Consistent with Akerlof and Yellen's (1990) fair wage-effort hypothesis we find that disadvantageous wage discrimination leads to lower efforts...
Persistent link: https://www.econbiz.de/10013148288
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … arising from previous transactions play an important role in shaping perceptions of fairness. Buyers used to high market … two classes of models of path-dependent fairness preferences - either based on endogenous fairness reference points or …
Persistent link: https://www.econbiz.de/10011482926
Persistent link: https://www.econbiz.de/10012264220
In this study, we investigate behavioral constraints on pricing by using a novel laboratory experiment in which actual consumption goods are traded. We test different models and provide several insights into pricing and reactions to price discrimination. First, we identify the extent to which...
Persistent link: https://www.econbiz.de/10011568753