|
EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/34002
|
| | |
| Title: | | Effort and comparison income: experimental and survey evidence  |
| Authors: | | Clark, Andrew E. Masclet, David Villeval, Marie-Claire |
| Issue Date: | | 2006 |
| Series/Report no.: | | IZA Discussion Papers 2169 |
| Abstract: | | This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift-exchange game with ISSP survey data. We find a consistent negative effect of others' incomes on individual effort in both datasets. The individual's rank in the income distribution is a stronger determinant of effort than others' average income, suggesting that comparisons are more ordinal than cardinal. We then show that effort is also affected by comparisons over time: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given current income and rank. |
| Subjects: | | effort comparison income rank peak-end experiments |
| JEL: | | M54 J33 A13 C92 D63 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/34002
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|