Lorenz Goette

TL;DR: It is suggested that higher CS systematically affect preferences and choices in ways that favor economic success, and in particular, the ability to plan strongly predict perseverance on the job in a setting with a substantial financial penalty for early exit.

TL;DR: This paper investigated whether the social aspect of organizations has an important benefit, fostering unselfish cooperation and norm enforcement within the group, but whether there is also a dark side, in the form of hostility between groups.

TL;DR: This paper analyzed individuals' earnings in 31 different data sets from sixteen countries, from which they obtained a total of 360 wage change distributions and found a remarkable amount of variation in wage changes across workers.

TL;DR: In this paper, the authors investigate whether the social aspect of organizations has an important benefit, fostering unselfish cooperation and norm enforcement within the group, but also whether there is a dark side, in the form of hostility between groups.

TL;DR: In this article, the authors conducted a randomized field experiment in a setting in which workers were free to choose their working times and their efforts during working time and found that only loss averse individuals exhibit a significantly negativeneffort response to the wage increase and that the degree of loss aversion predicts the size of the negative effort response.