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
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)
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