Labor Market Experiment

 

You are about to participate in a labor market experiment which will continue for several periods. Each period, a worker may contract with an employer to work for one hour. An employer may hire at most one worker from each market each period.  Workers and employers may not contract for fractions of an hour, nor may any worker work for more than one hour per period. However, a worker may choose to not work, and an employer may choose to hire no workers during a particular period.


 

Source: Hazlett, Denise, "A Classroom Unemployment Compensation Experiment," March 27, 2002.