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Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor
A major concern in today’s economic reality is the extent to which a sharing economy, in comparison with a traditional economy, promotes inequality. In the transformation from a traditional to a sharing economy, wage setting is replaced by contract pricing. The switch to contract trading implies tha...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
SAGE Publications
2020
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7289047/ https://www.ncbi.nlm.nih.gov/pubmed/32354257 http://dx.doi.org/10.1177/0956797620916521 |
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author | Ritov, Ilana Schurr, Amos |
author_facet | Ritov, Ilana Schurr, Amos |
author_sort | Ritov, Ilana |
collection | PubMed |
description | A major concern in today’s economic reality is the extent to which a sharing economy, in comparison with a traditional economy, promotes inequality. In the transformation from a traditional to a sharing economy, wage setting is replaced by contract pricing. The switch to contract trading implies that the party who carries out the labor evaluates the transaction from a buyer’s rather than a seller’s perspective. Drawing on psychological research on constructed and reference-dependent preferences, we predicted that the net valuation of work would decrease when the regimen involved contract trading. Three experiments (N = 1,105) eliciting work valuation under the two regimens confirmed our prediction, thus pointing to a novel factor that increases inequality. |
format | Online Article Text |
id | pubmed-7289047 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | SAGE Publications |
record_format | MEDLINE/PubMed |
spelling | pubmed-72890472020-06-29 Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor Ritov, Ilana Schurr, Amos Psychol Sci Research Articles A major concern in today’s economic reality is the extent to which a sharing economy, in comparison with a traditional economy, promotes inequality. In the transformation from a traditional to a sharing economy, wage setting is replaced by contract pricing. The switch to contract trading implies that the party who carries out the labor evaluates the transaction from a buyer’s rather than a seller’s perspective. Drawing on psychological research on constructed and reference-dependent preferences, we predicted that the net valuation of work would decrease when the regimen involved contract trading. Three experiments (N = 1,105) eliciting work valuation under the two regimens confirmed our prediction, thus pointing to a novel factor that increases inequality. SAGE Publications 2020-04-30 2020-06 /pmc/articles/PMC7289047/ /pubmed/32354257 http://dx.doi.org/10.1177/0956797620916521 Text en © The Author(s) 2020 https://creativecommons.org/licenses/by-nc/4.0/ This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage). |
spellingShingle | Research Articles Ritov, Ilana Schurr, Amos Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor |
title | Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor |
title_full | Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor |
title_fullStr | Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor |
title_full_unstemmed | Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor |
title_short | Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor |
title_sort | transaction frame determines preferences: valuation of labor by employee and contractor |
topic | Research Articles |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7289047/ https://www.ncbi.nlm.nih.gov/pubmed/32354257 http://dx.doi.org/10.1177/0956797620916521 |
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