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Our study analyzes the consequences of workers' participation in the wage setting process on effort exertion. The … is systematically varied among the workers. The experimental data reveals that workers' participation leads actually to a … decline in effort exertion which can be explained by negative reciprocity of the respective worker. These results put some …
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associated with enhanced adult social skills, higher educational participation, better educational attainment, and lower …
Persistent link: https://www.econbiz.de/10012322040
In this experiment, we study whether individuals' labour market state (i.e. employed, student or NEET) affect their trusting and trustworthy behavior. To identify both the effect of labour market state and the effect of information on others' labour market state over one's behavior, we implement...
Persistent link: https://www.econbiz.de/10012053048
This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of incentives for...
Persistent link: https://www.econbiz.de/10013082165
This paper studies how altruism between managers and employees affects relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The con- tract may contain two types of incentives for...
Persistent link: https://www.econbiz.de/10009739554
We study how upward communication - from workers to managers - about individual efforts affects the effectiveness of gift exchange as a contract-enforcement device for work teams. Our findings suggest that the use of such self-assessments can be detrimental to workers' performance. In the...
Persistent link: https://www.econbiz.de/10010467800
Numerous gift exchange experiments have found a positive relationship between employers' wage offers and workers' effort levels. In (almost) all these experiments the employer both owns and controls the firm. Yet in reality many firms are characterized by the separation of ownership and control....
Persistent link: https://www.econbiz.de/10011349214
It has recently been claimed that women's social preferences are easier to manipulate than men's. We tested for gender differences in responsiveness to a homo economicus prime in a gift-exchange experiment with 113 participants. We observed gender differences in the direction of...
Persistent link: https://www.econbiz.de/10009751798