Nuremberg Research Seminar in Economics on 11 December 2019 – ROOM 4.154!!!
You are invited to join the weekly Nuremberg Research Seminar in Economics on 11 December 2019, from 13.15 to 14.45 pm. The seminar will be held in room Number LG 4.154. Iris Kesternich (University of Leuven) will be talking about “Work Meaning and Labor Supply”.
Please find below the abstract:
Long-term unemployment imposes large costs on both individuals and society. Reducing long-term unemployment is thus of first-order importance for public policy. We analyze to what extent work meaning – the significance of a job for others or for society – increases the willingness to accept a job and job performance of employed and unemployed individuals. To this end, we conduct a large-scale online experiment with a representative sample of the population. All of our subjects participate in the “Panel Study of Labour Market and Social Security” (PASS) of the German Labour Agency. In the experiment, we offer a job that can be completed from home. We elicit subjects’ reservation wage for this job through the Becker-DeGroot-Marschak mechanism. The treatment variation is the description of the job as having either “high” or “low” meaning.