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A theoretical note on asymmetries in intensity and persistence of reciprocity in labour markets

Marco Fongoni ()

No 1815, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: This paper presents a model that can account for, and explain, two well documented empirical asymmetries characterising a worker's reciprocity: negative reciprocity is both stronger, and more persistent, than positive reciprocity. The stronger intensity of negative reciprocity is driven by the worker being loss averse; the longer persistence is driven by the slower adaptation of the worker to wage changes that are perceived as unfair

Keywords: reciprocity; loss aversion; adaptation; asymmetries (search for similar items in EconPapers)
JEL-codes: D91 J30 J41 (search for similar items in EconPapers)
Date: 2018-05
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