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

This study extends a bilateral gift-exchange experiment byÂ Clark etÂ al. (2010). We investigate how the provision of either quantitative or qualitative information on the average wage paid in all worker-employer relationships impacts the wage set by employers and worker performance. We find that information on the average wage reduces (increases) both wage offers and effort levels in one-shot (repeated) relationships.

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Year of publication:	2011
Authors:	Siang, Ch'ng Kean ; Requate, Till ; Waichman, Israel
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 112.2011, 1, p. 75-78
Publisher:	Elsevier
Keywords:	Gift exchange Reciprocity Wage difference Economic experiment

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009146164