A Test of the Fair Wage-Effort Hypothesis : An Analysis of Questionnaires

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  • Test of the Fair Wage Effort Hypothesis An Analysis of Questionnaires

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This paper examines the empirical validity of the fair wage-effort hypothesis of George Akerlof and Janet Yellen [1990], which postulates that workers' effort depends on the relation between fair and actual wages. The data is taken from a survey within an electronics manufacturer in California, in which factory operators are asked to fill out anonymous questionnaires on their work attitudes, job satisfaction, and work environment. A discrete-choice model is developed to deal with the questionnaire data. The estimated model exhibits a significant effect of perceived fairness of pay on workers' effort, lending support for the fair wage-effort hypothesis.

収録刊行物

  • 経済論集

    経済論集 80 103-112, 2002-12-20

    大東文化大学経済学会

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