Estimating Social Preferences and Gift Exchange at Work
نویسندگان
چکیده
We design three field experiments to estimate how workers' social preferences toward their employer motivates work effort. vary the pay rates offered workers, return employer, and generosity demonstrated via unexpected gifts. Workers exert effort even without private incentives, but is insensitive employer. This consistent with “warm glow” not pure altruism. The gifts have no effect on productivity, engender extra work. difference explained partly by finding that much more responsive incentives than productivity. (JEL C93, J24, J28, J33, M52)
منابع مشابه
Estimating Social Preferences and Gift Exchange at Work∗
We design a model-based field experiment to estimate the nature and magnitude of workers’ social preferences towards their employers. We hire 446 workers for a one-time task. Within worker, we vary (i) piece rates; (ii) whether the work has payoffs only for the worker, or also for the employer; and (iii) the return to the employer. We then introduce a surprise increase or decrease in pay (‘gift...
متن کاملSocial Exchange and Risk and Ambiguity Preferences
We present an experiment in which we test for the effect of participating in a social exchange exercise on revealed risk and ambiguity preferences. In our experiments, subjects make choices over lotteries that reveal their risk and ambiguity preferences. They then participate with a small group in an unstructured on-line chat. After the chat, they reconsider their choices in the risk and ambigu...
متن کاملGift Exchange versus Monetary Exchange : Theory and
We study the Lagos and Wright (2005) model of monetary exchange in the laboratory. With a finite population of sufficiently patient agents, this model has a unique monetary equilibrium and a continuum of non-monetary gift exchange equilibria, some of which Pareto dominate the monetary equilibrium. We find that subjects avoid the gift-exchange equilibria in favor of the monetary equilibrium. We ...
متن کاملGift Exchange versus Monetary Exchange: Experimental Evidence
This paper reports findings from an experiment that implements the Lagos-Wright (2005) model of monetary exchange. We find that subjects generally avoid the autarkic equilibrium of that model and make trading decisions consistent with the model’s monetary equilibrium. Aliprantis, Camera and Puzzello (ACP, 2007) show that providing periodic access to centralized markets as in the Lagos and Wrigh...
متن کاملrelationship between organizational justice and employee engagement at work in social exchange theory framwork
employee engagement at work is a concept that recently entered in organizational discussions in past two decades. engaged employees are happy, energetic and productive employees that are willing to invest the discretionary effort through the work and organizational roles. previous literatures show that employee engagement at work is affected by different personal, vocational and organizational ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The American Economic Review
سال: 2022
ISSN: ['2640-205X', '2640-2068']
DOI: https://doi.org/10.1257/aer.20190920