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dc.contributor.authorKube, Sebastianen_US
dc.contributor.authorMaréchal, Michel Andréen_US
dc.contributor.authorPuppe, Clemensen_US
dc.description.abstractWhat determines reciprocity in employment relations? We conducted a controlled field experiment to measure the extent to which monetary and non-monetary gifts affect workers' performance. We find that nonmonetary gifts have a much stronger impact than monetary gifts of equivalent value. We also observe that when workers are offered the choice, they prefer receiving the money but reciprocate as if they received a nonmonetary gift. This result is consistent with the common saying, 'it's the thought that counts.' We underline this point by showing that also monetary gifts can effectively trigger reciprocity if the employer invests more time and effort into the gift's presentation.en_US
dc.publisherKIT [u.a.] Karlsruheen_US
dc.relation.ispartofseriesWorking paper series in economics 25en_US
dc.subject.keywordfield experimenten_US
dc.subject.keywordgift exchangeen_US
dc.subject.keywordnon-monetary giftsen_US
dc.subject.keywordin-kind giftsen_US
dc.titleThe currency of reciprocity - gift-exchange in the workplaceen_US
dc.typeWorking Paperen_US
Appears in Collections:Working Paper Series in Economics, Karlsruher Institut für Technologie (KIT)

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