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Testing a forgotten aspect of Akerlof’s gift exchange hypothesis: Relational contracts with individual and uniform wages

Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - Volkswirtschaftliche Fakultät, … - 2012

Empirical work on Akerlof’s theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...

Persistent link: https://www.econbiz.de/10009654290

Exploring the Effects of Unequal and Secretive Pay

Fischer, Sven; Steiger, Eva-Maria - Wirtschaftswissenschaftliche Fakultät, … - 2009

We experimentally test whether intentional and observable discriminatory pay of symmetric agents in the Winter (2004) game causes low paid agents to reduce effiort. We control for intentionality of wages by either allowing a principal to determine wages or by implementing a random process. Our...

Persistent link: https://www.econbiz.de/10008464021

Fair Wages and Multiple Fairness Standards - A Lab Study of Co-Employment of Hired and Rented Hands

Alewell, Dorothea; Friedrich, Colette; Güth, Werner - 2007

We study the relevance of fairness norms in an experimental scenario in which hired and rented hands are co …-employed and stochastic influences and multiple reference points for fairness further increase complexity. Co-employment of hired … and rented hands is an example out of a broader class of situations with multiple fairness standards. Co-employment has …

Persistent link: https://www.econbiz.de/10014053091

A within-subject analysis of other-regarding preferences

Blanco, Mariana; Engelmann, Dirk; Normann, Hans-Theo - 2010

We assess the predictive power of a model of other-regarding preferences - inequality aversion - using a within-subjects design. We run four different experiments (ultimatum game, dictator game, sequential-move prisoners' dilemma and public-good game) with the same sample of subjects. We elicit...

Persistent link: https://www.econbiz.de/10008667623

Unraveling fairness in simple games? : the role of empathy and theory of mind

Artinger, Florian; Exadaktylos, Filippos; Koppel, Hannes; … - 2010

Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...

Persistent link: https://www.econbiz.de/10003980496

Social comparison and performance : experimental evidence on the fair-wage effort hypothesis

Gächter, Simon; Thöni, Christian - 2009

fairness ; discrimination …

Persistent link: https://www.econbiz.de/10003908626

Social comparison and performance : experimental evidence on the fair wage-effort hypothesis

Gächter, Simon; Thöni, Christian - 2010

fairness ; discrimination …

Persistent link: https://www.econbiz.de/10003934053

Social Comparison and Performance : Experimental Evidence on the Fair Wage-Effort Hypothesis

Gaechter, Simon - 2010

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

Co-employment of permanently and temporarily employed agents

Angelova, Vera; Güth, Werner; Kocher, Martin G. - In: Labour economics : official journal of the European … 19 (2012) 1, pp. 48-58

Persistent link: https://www.econbiz.de/10009518381

Transparency and Reciprocal Behavior in Employment Relations

Irlenbusch, Bernd; Sliwka, Dirk - 2021

The impact of transparency on the extent of reciprocal behavior is investigated in a simple repeated gift exchange experiment, where principals set wages and agents respond by choosing effort levels. In addition to the efforts the principals' payoffs are determined by a random component. It is...

Persistent link: https://www.econbiz.de/10013319706