Chapter

Using Behavioral Economic Field Experiments at a Firm

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

in The Analysis of Firms and Employees

Published by University of Chicago Press

Published in print December 2008 | ISBN: 9780226042879
Published online February 2013 | e-ISBN: 9780226042893 | DOI: http://dx.doi.org/10.7208/chicago/9780226042893.003.0003
Using Behavioral Economic Field Experiments at a Firm

More Like This

Show all results sharing this subject:

  • Econometrics and Mathematical Economics

GO

Show Summary Details

Preview

The Truckers and Turnover Project is a statistical case study of a single large trucking firm and its driver employees. The cooperating firm operates in the largest segment of the for-hire trucking industry in the United States, the “full truckload” (TL) segment, in which approximately 800,000 people are employed. The TL segment has a high turnover labor market for its main employee group, tractor-trailer drivers, and the project is designed to address a number of academic and business questions that arise in this setting. The most distinctive innovation of this project component is the data collection process, which combines traditional survey instruments with behavioral economics experiments. Using behavioral economics field experiments, this chapter examines the context and design of the Truckers and Turnover Project. It first describes the U.S. trucking industry and the role of the TL segment within it. It then discusses the nature of the labor market for TL drivers, explains why it has had a high turnover equilibrium for about twenty-five years, and presents preliminary findings on employee turnover and productivity.

Keywords: Truckers and Turnover Project; employee turnover; trucking industry; tractor-trailer drivers; behavioral economics; full truckload; productivity; labor market; United States; field experiments

Chapter.  25242 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.