|Appears in Collections:||Economics Working Papers|
|Title:||Unionism and Peer-Referencing|
|Citation:||Panos G & Theodossiou I (2010) Unionism and Peer-Referencing. McCausland WD (ed.). University of Aberdeen Business School Working Paper Series, 2010-03. University of Aberdeen.|
|Publisher:||University of Aberdeen|
|Series/Report no.:||University of Aberdeen Business School Working Paper Series, 2010-03|
|Abstract:||This 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.|
|Type:||Working or Discussion Paper|
|Rights:||The publisher has granted permission for use of this work in this Repository.|
University of Aberdeen
|Panos2009_Unionism and Peer Referencing.pdf||1.53 MB||Adobe PDF||View/Open|
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