Reciprocity in Labor Market Relationships: Evidence from an Experiment across High-Income OECD Countries

Israel Waichman (), Ch’ng Kean Siang, Till Requate (), Aric Shafran, Eva Camacho-Cuena, Yoshio Iida and Shosh Shahrabani
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Ch’ng Kean Siang: Department of Economics, School of Social Sciences, Universiti Sains Malaysia, Penang 11800, Malaysia
Eva Camacho-Cuena: Department of Economics, University Jaume I, Castellón 12071, Spain
Yoshio Iida: Department of Economics, Kyoto Sangyo University, Kyoto 6038555, Japan
Authors registered in the RePEc Author Service: Eva Camacho Cuena ()

Games, 2015, vol. 6, issue 4, 1-22

Abstract: We study differences in behavior across countries in a labor market context. To this end, we conducted a bilateral gift-exchange experiment comparing the behavior of subjects from five high-income OECD countries: Germany, Spain, Israel, Japan and the USA. We observe that in all countries, effort levels are increasing while rejection rates are decreasing in wage offers. However, we also find considerable differences in behavior across countries in both one-shot and repeated relationships, the most striking between Germany and Spain. We also discuss the influence of socio-economic indicators and the implications of our findings.

Keywords: gift exchange; reciprocity; cross-country; economic experiment; labor market (search for similar items in EconPapers)
JEL-codes: C C7 C70 C71 C72 C73 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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