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.

  • Item type:Monograph(Discussion paper)
    ID code:68466
    Dates:
    Date
    Event
    31 May 2018
    Published
    Notes: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 Apr 2024 02:54
    URI:https://strathprints.strath.ac.uk/id/eprint/68466
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