Efficiency wages in an experimental labor market

Research output: Contribution to journalArticlepeer-review

18 Scopus citations

Abstract

There has been recent experimental support for efficiency wage theories of the labor market. This short paper initiates the larger process of evaluating the boundary conditions of the gift-exchange phenomenon. In particular, we will see whether behavior consistent with the fair wage-effort hypothesis can emerge and be sustained under conditions in which there is (i) a nontrivial marginal cost to providing effort and (ii) increased social distance between subject and experimenter.

Original languageEnglish (US)
Pages (from-to)13348-13351
Number of pages4
JournalProceedings of the National Academy of Sciences of the United States of America
Volume99
Issue number20
DOIs
StatePublished - Oct 1 2002
Externally publishedYes

ASJC Scopus subject areas

  • General

Fingerprint

Dive into the research topics of 'Efficiency wages in an experimental labor market'. Together they form a unique fingerprint.

Cite this