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dc.contributor.authorPanos, Georgiosen_UK
dc.contributor.authorTheodossiou, Ioannisen_UK
dc.contributor.editorMcCausland, WDen_UK
dc.description.abstractThis study assesses the "fair-wage-effort" hypothesis, by examining (a) the relationship between relative wage comparisons and job satisfaction and quitting intensions, and (b) the relative ranking of stated effort inducing-incentives, in a novel dataset of unionised and non-unionised European employees. By distinguishing between downward and upward-looking wage comparisons, it is shown that wage comparisons to similar workers exert an asymmetric impact on the job satisfaction of union workers, a pattern consistent with inequity-aversion and conformism to the reference point. Moreover, union workers evaluate peer observation and good industrial relations more highly than payment and other incentives. In contrast, non-union workers are found to be more status-seeking in their satisfaction responses and less dependent on their peers in their effort choices The results are robust to endogenous union membership, considerations of generic loss aversion and across different tenure profiles. They are supportive of the individual egalitarian bias of collective wage determination and self-enforcing effort norms.en_UK
dc.publisherUniversity of Aberdeenen_UK
dc.relationPanos G & Theodossiou I (2010) Unionism and Peer-Referencing McCausland W (Editor) University of Aberdeen Business School Working Paper Series, 2010-03.
dc.relation.ispartofseriesUniversity of Aberdeen Business School Working Paper Series, 2010-03en_UK
dc.rightsThe publisher has granted permission for use of this work in this Repository.en_UK
dc.subjectInequity Aversionen_UK
dc.subjectDiscretionary Efforten_UK
dc.titleUnionism and Peer-Referencingen_UK
dc.typeWorking Paperen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.subject.jelC25: Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilitiesen_UK
dc.subject.jelJ22: Time Allocation and Labor Supplyen_UK
dc.subject.jelJ28: Safety; Job Satisfaction; Related Public Policyen_UK
dc.subject.jelJ51: Trade Unions: Objectives, Structure, and Effectsen_UK
dc.contributor.affiliationUniversity of Aberdeenen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorPanos, Georgios|en_UK
local.rioxx.authorTheodossiou, Ioannis|en_UK
local.rioxx.projectInternal Project|University of Stirling|
local.rioxx.contributorMcCausland, WD|en_UK
local.rioxx.filenamePanos2009_Unionism and Peer Referencing.pdfen_UK
Appears in Collections:Economics Working Papers

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