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Published in:
2010 | OriginalPaper | Chapter
experimental labour economics
Authors : Armin Falk, Simon Gächter
Published in: Behavioural and Experimental Economics
Publisher: Palgrave Macmillan UK
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Scientific progress relies on testing theories. In labour economics different data sources are available for performing such tests. An important distinction is between circumstantial data and experimental or questionnaire data. Circumstantial data is the by-product of uncontrolled, naturally occurring economic activity. In contrast, experimental data is created explicitly for scientific purposes under controlled conditions. In labour economics, the data most commonly and traditionally used is circumstantial data such as unemployment rates or data on wages, education, or income, complemented by survey data. Labour economists have only recently started to use laboratory experiments.