Country Differences in Ultimatum Wage Bargaining with a Real Task: Evidence from Greece, Spain and the UK
Aurora García-Gallego (),
Nikolaos Georgantzís () and
Ainhoa Jaramillo-Gutiérrez ()
No 2013/13, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)
We study ultimatum bargaining over the wage that should be paid in order to have a subject perform a given real task. Our results are obtained from experiments run in Greece, Spain and the UK. We find significantly higher wage offers and lower acceptance probabilities in the UK than in the other two countries. Interestingly, the combination of these two effects leads to higher wages in the British pool, without reducing market efficiency as compared to Spain and Greece. Country differences in both employer and employee behavior have a clear gender component.
Keywords: ultimatum bargaining; real task; country differences (search for similar items in EconPapers)
JEL-codes: C91 D03 J16 J31 (search for similar items in EconPapers)
Pages: 27 pages
New Economics Papers: this item is included in nep-cbe, nep-eur, nep-exp, nep-hrm, nep-lab, nep-lma and nep-ltv
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Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2013/13
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