Arbeitspapier

On the role of social wage comparisons in gift-exchange experiments

This study extends a bilateral gift exchange experiment by Clark et al. (2010) who investigate how feedback of information about wages paid in the market affects both employers' wage setting and workers' performance. We provide either quantitative or qualitative information on the average wage paid in all worker-employer-relationships, and we also study repeated relationships (fixedmatching). We find that information on the average wage reduces (increases) both wage offers and effort levels in one-shot (repeated) relationships.

Language
Englisch

Bibliographic citation
Series: Economics Working Paper ; No. 2010-11

Classification
Wirtschaft
Design of Experiments: Laboratory, Individual
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Labor Contracts
Subject
gift-exchange
reciprocity
wage difference
economic experiment

Event
Geistige Schöpfung
(who)
Siang, Ch'ng Kean
Requate, Till
Waichman, Israel
Event
Veröffentlichung
(who)
Kiel University, Department of Economics
(where)
Kiel
(when)
2010

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Siang, Ch'ng Kean
  • Requate, Till
  • Waichman, Israel
  • Kiel University, Department of Economics

Time of origin

  • 2010

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