Country Differences in Ultimatum Wage Bargaining with a Real TaskEvidence from Greece, Spain and the UK

  1. García-Gallego, Aurora
  2. Georgantzís, Nikolaos
  3. Jaramillo-Gutiérrez, Ainhoa
Journal:
Cuadernos económicos de ICE

ISSN: 0210-2633

Year of publication: 2020

Issue Title: ECONOMÍA DEL COMPORTAMIENTO

Issue: 99

Pages: 151-170

Type: Article

DOI: 10.32796/CICE.2020.99.7012 DIALNET GOOGLE SCHOLAR

More publications in: Cuadernos económicos de ICE

Abstract

From experiments run in Greece, Spain and the UK, this paper studies ultimatum bargaining over the wage paid in order to have a subject perform a given real task. Compared with Greece and Spain, significantly higher wage offers and lower acceptance probabilities are found in the UK. These effects lead to higher wages in the UK Country differences in both employer and employee behavior have a clear gender component. Specifically, we find that Greek and Spanish females offer lower wages than British females. Contrary to what is obtained for UK subjects, Greek and Spanish females reject more than males.

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Data source: Dialnet