Co-worker altruism and unemployment

• 成果类型: Article
• 署名作者: Vasquez, Jorge; Weretka, Marek
• 署名单位: Wesleyan University; University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: GAMES AND ECONOMIC BEHAVIOR
• ISSN/ISSBN: 0899-8256
• DOI: 10.1016/j.geb.2021.08.006
• 发表日期: 2021
• 页码: 224-239
• 关键词: Non-paternalistic altruism; wage rigidity; Involuntary unemployment

摘要

It is well-known that social relationships and altruism among workers foster cooperation in the workplace and, therefore, may have beneficial effects for firms. Yet it is unclear how and to what extent co-worker altruism impacts labor market outcomes. In this paper, we find that, although co-worker altruism may be seamless in good times, it may impact the functioning of labor markets during bad times. Specifically, co-worker altruism may potentially lead to wage rigidity and involuntary unemployment in economic downturns. These results seem to be consistent with recent empirical findings. (c) 2021 Elsevier Inc. All rights reserved.