Effort and comparison income
Subtitle: experimental and survey evidence
By: by Andrew Clark, David Masclet, Marie-Claire Villeval
Contributors: Masclet, David
Series: Discussion paper -- no. 2169; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2169
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: [electronic resource] :
Subjects: Labor productivity; Income; Social status
Description: "This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift-exchange game with ISSP survey data. We find a consistent negative effect of others' incomes on individual effort in both datasets. The individual's rank in the income distribution is a stronger determinant of effort than others' average income, suggesting that comparisons are more ordinal than cardinal. We then show that effort is also affected by comparisons over time: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given current income and rank"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 6/16/2006.

Includes bibliographical references.

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