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Title:On the role of social wage comparisons in gift-exchange experiments PDF Logo
Authors:Siang, Ch'ng Kean
Requate, Till
Waichman, Israel
Issue Date:2010
Series/Report no.:Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2010,11
Abstract: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.
Subjects:gift-exchange
reciprocity
wage difference
economic experiment
JEL:C91
D03
D63
J41
Document Type:Working Paper
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

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