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Economics Working Papers, Department of Economics, CAU Kiel >
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http://hdl.handle.net/10419/44351
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| Title: | | On the role of social wage comparisons in gift-exchange experiments  |
| 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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