Template-Type: ReDIF-Paper 1.0
Author-Name: Marco Fongoni
Author-Name-First: Marco
Author-Name-Last: Fongoni
Author-Email: marco.fongoni@strath.ac.uk
Author-Workplace-Name: Department of Economics, University of Strathclyde
Title: A theoretical note on asymmetries in intensity and persistence of reciprocity in labour markets
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
Length: 9 pages
Creation-Date: 2018-05
Revision-Date: 
Publication-Status: Published
File-URL: https://www.strath.ac.uk/media/1newwebsite/departmentsubject/economics/research/researchdiscussionpapers/18-15.pdf
File-Format: Application/pdf
Number: 1815
Classification-JEL: D91, J30, J41
Keywords: reciprocity, loss aversion, adaptation, asymmetries
Handle: RePEc:str:wpaper:1815