Efficiency wages in an experimental labor market.

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.

authors

Rigdon ML

doi

10.1073/pnas.152449999

keywords:

subject

Has Abstract

pub_date

2002-10-01 00:00:00

pages

13348-51

issue

20

eissn

0027-8424

issn

1091-6490

journal_volume

99

pub_type

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