NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Using Behavioral Economic Field Experiments at a Large Motor Carrier: The Context and Design of the Truckers and Turnover Project

Stephen V. Burks, Jeffrey Carpenter, Lorenz Goette, Kristen Monaco, Aldo Rustichini, Kay Porter

NBER Working Paper No. 12976
Issued in March 2007
NBER Program(s):   LS

The Truckers and Turnover Project is a statistical case study of a single firm and its employees which matches proprietary personnel and operational data to new data collected by the researchers to create a two-year panel study of a large subset of new hires. The project's most distinctive innovation is the data collection process which combines traditional survey instruments with behavioral economics experiments. The survey data include information on demographics, risk and loss aversion, time preference, planning, non-verbal IQ, and the MPQ personality profile. The data collected by behavioral economics experiments include risk and loss aversion, time preferences (discount rates), backward induction, patience, and the preference for cooperation in a social dilemma setting. Subjects will be followed over two years of their work lives. Among the major design goals are to discover the extent to which the survey and experimental measures are correlated, and whether and how much predictive power, with respect to key on-the-job outcome variables, is added by the behavioral measures. The panel study of new hires is being carried out against the backdrop of a second research component, the development of a more conventional in-depth statistical case study of the cooperating firm and its employees. This is a high-turnover service industry setting, and the focus is on the use of survival analysis to model the flow of new employees into and out of employment, and on the correct estimation of the tenure-productivity curve for new hires, accounting for the selection effects of the high turnover.

download in pdf format
   (617 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w12976

Users who downloaded this paper also downloaded* these:
Burks, Carpenter, Goette, Monaco, Burks, and Rustichini Using Behavioral Economic Field Experiments at a Firm: The Context and Design of the Truckers and Turnover Project
Levitt and List w14356 Field Experiments in Economics: The Past, The Present, and The Future
Madrian w20318 Applying Insights from Behavioral Economics to Policy Design
List, Sadoff, and Wagner w15701 So you want to run an experiment, now what? Some Simple Rules of Thumb for Optimal Experimental Design
Barberis and Huang w12378 The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us