A Theoretical Note on Assymmetries in Intensity and Persistence of Reciprocity in Labour Markets
Fongoni, Marco (2018) A Theoretical Note on Assymmetries in Intensity and Persistence of Reciprocity in Labour Markets. Discussion paper. University of Strathclyde, Glasgow.
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Abstract
This paper presents a model that can account for, and explain, two well documented empirical asymmetries characterising a worker's reciprocity: negative reciprocity is both stronger, and more persistent, than positive reciprocity. The stronger intensity of negative reciprocity is driven by the worker being loss averse; the longer persistence is driven by the slower adaptation of the worker to wage changes that are perceived as unfair.
ORCID iDs
Fongoni, Marco ORCID: https://orcid.org/0000-0001-7096-2107;-
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Item type: Monograph(Discussion paper) ID code: 68466 Dates: DateEvent31 May 2018PublishedNotes: Published as a paper within the Discussion Papers in Economics, No. 18-15 (2018) Subjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 18 Jun 2019 13:05 Last modified: 11 Nov 2024 16:05 URI: https://strathprints.strath.ac.uk/id/eprint/68466
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