Experimental studies on money illusion in the labor market
| Project/Area Number |
24730169
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | Takasaki City University of Economics |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Project Status |
Completed (Fiscal Year 2014)
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| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2014: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
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| Keywords | 経済学実験 / 貨幣錯覚 / 異時点間の意思決定 / コミュニケーション / 労使交渉 / 物価変動 / 労働市場 / 相対賃金仮説 / チープトーク / 実験経済学 |
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| Outline of Final Research Achievements |
Summary of Research Projects:
(1) We conducted a laboratory experiment to examine the effects of money illusion on intertemporal decision making. We found that when price fluctuations exist, the participants’ under-consumption (over-saving) behavior is strengthened, and over time, their mistakes increase. We summarized the results in a paper entitled “An Experimental Study of Money Illusion in Intertemporal Decision Making.” We presented this paper at the Annual Meeting of the Japanese Economic Association and at that of the Association of Behavioral Economics and Finance.
(2) We conducted laboratory experiments to examine the impacts of the employee “voice” system in a labor dispute. We found that this system undermines the reciprocity between the employer and the employee regardless of their wage levels. This result is provided in a paper entitled, “Voice Undermines Voluntary Cooperation: An Experimental Study for an Incomplete Employment Contract.”
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Report
(4 results)
Research Products
(3 results)
