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The authors test the hypothesis that individual effort on the job depends both on one's own income and on the individual's position in the relevant income distribution. Combining experimental evidence from a gift-exchange game with multi-country ISSP survey data, they analyze the extent to which...
Persistent link: https://www.econbiz.de/10009651415
Although economics has long been considered as a non-experimental science, the development of experimental economics and behavioral economics is amazingly rapid and affects most fields of research. This paper first attempts at defining the main contributions of experiments to economics. It also...
Persistent link: https://www.econbiz.de/10008791522