Social comparisons in wage delegation: experimental evidence |
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Authors: | Gary Charness Ramón Cobo-Reyes Juan A. Lacomba Francisco Lagos Jose Maria Perez |
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Affiliation: | 1.Department of Economics,University of California,Santa Barbara,USA;2.University of Granada,Granada,Spain;3.University of Exeter Business School,Exeter,UK;4.Departamento de Teoria e Historia Economica,University of Granada & Globe,Granada,Spain |
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Abstract: | We make two main contributions in this article. We examine whether social comparisons affects workers’ performance when a firm can choose workers’ wages or let them choose their own. Firms can delegate the wage decision to neither, one or both workers in the firm. We vary the information workers receive, finding that social comparisons concerning both wages and decision rights affect workers’ performance. Our second contribution is methodological. We find that our treatment effects are present with both stated effort and a real-effort task, which suggests that both approaches may yield similar results in labor experiments. |
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