On the role of social wage comparisons in gift-exchange experiments

Ch'ng Kean Siang, Till Requate () and Israel Waichman ()

Economics Letters, 2011, vol. 112, issue 1, 75-78

Abstract: This study extends a bilateral gift-exchange experiment by Clark et al. (2010). We investigate how the provision of either quantitative or qualitative information on the average wage paid in all worker-employer relationships impacts the wage set by employers and worker performance. We find that information on the average wage reduces (increases) both wage offers and effort levels in one-shot (repeated) relationships.

Keywords: Gift; exchange; Reciprocity; Wage; difference; Economic; experiment (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:1:p:75-78

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