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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52026

Benz, Matthias; Stutzer, Alois (2002). Do Workers Enjoy Procedural Utility? Working paper series / Institute for Empirical Research in Economics No. 127, University of Zurich.

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Abstract

People are likely to obtain utility not only from actual outcomes, but also from the conditions which lead to these outcomes. This paper empirically tests the notion of procedural utility for the context of work relationships. Using a large survey among British workers, we find substantial procedural effects on the utility workers derive from their pay. Utility from pay is not only strongly influenced by economic outcomes (the pay levels workers get for given inputs), but also by the way pay is determined. The findings are robust to a series of alternative explanations.

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
DDC:330 Economics
Language:English
Date:September 2002
Deposited On:29 Nov 2011 22:26
Last Modified:09 Jul 2012 07:02
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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