Working more for more and working more for less : Labor supply in the gain and loss domains

Cadsby, C. Bram; Song, Fei; Zubanov, Nick

Working more for more and working more for less : Labor supply in the gain and loss domains

Dateien

Cadsby_2-18kebjopivuha1.pdfGröße: 956.15 KBDownloads: 6

Datum

2024

Autor:innen

Cadsby, C. Bram

Song, Fei

Zubanov, Nick

Open Access-Veröffentlichung

Open Access Hybrid

Sammlungen

Exzellenzcluster "Die politische Dimension von Ungleichheit"
Wirtschaftswissenschaften

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Labour Economics. Elsevier. 2024, 88, 102533. ISSN 0927-5371. eISSN 1879-1034. Verfügbar unter: doi: 10.1016/j.labeco.2024.102533

Zusammenfassung

We examine labor supply responses to piece rate changes relative to the reference piece rate (RR). In experimental conditions without RR, labor supply increases monotonically with the actual piece rate. In conditions with RR, labor supply increases both when the piece rate rises and falls relative to RR. This non-monotonicity in labor supply responses to piece rate changes around RR is consistent with the effects of framing a given level of income as gain or loss relative to the target level induced by RR: loss aversion makes subjects work more at a given piece rate when the implied income is in the loss rather than gain domain. However, the framing effects disappear when the piece rate could both rise or fall relative to RR.

Fachgebiet (DDC)

330 Wirtschaft

Zitieren

ISO 690

CADSBY, C. Bram, Fei SONG, Nick ZUBANOV, 2024. Working more for more and working more for less : Labor supply in the gain and loss domains. In: Labour Economics. Elsevier. 2024, 88, 102533. ISSN 0927-5371. eISSN 1879-1034. Verfügbar unter: doi: 10.1016/j.labeco.2024.102533

BibTex

@article{Cadsby2024-06Worki-69580,
  year={2024},
  doi={10.1016/j.labeco.2024.102533},
  title={Working more for more and working more for less : Labor supply in the gain and loss domains},
  volume={88},
  issn={0927-5371},
  journal={Labour Economics},
  author={Cadsby, C. Bram and Song, Fei and Zubanov, Nick},
  note={Article Number: 102533}
}

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