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Erschienen in:
2010 | OriginalPaper | Buchkapitel
experimental labour economics
verfasst von : Armin Falk, Simon Gächter
Erschienen in: Behavioural and Experimental Economics
Verlag: 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.