Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor
Abstract
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...
Paper Details
Title
Transaction Frame Determines Preferences: Valuation of Labor by Employee and Contractor
Published Date
Apr 30, 2020
Journal
Volume
31
Issue
6
Pages
634 - 643
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