Sunday, March 20, 2011

Looting in Japan: Why so little looting in Japan? The explanation is legal as much as cultural. - By Christopher Beam - Slate Magazine

Looting in Japan: Why so little looting in Japan? The explanation is legal as much as cultural. - By Christopher Beam - Slate Magazine: "A better explanation may be structural factors: a robust system of laws that reinforce honesty, a strong police presence, and, ironically, active crime organizations."

Do higher wages make you work harder? Do lower wages make you slack off? - By Ray Fisman - Slate Magazine

Do higher wages make you work harder? Do lower wages make you slack off? - By Ray Fisman - Slate Magazine: "A more subtle 'behavioral' explanation for a link between pay and effort was proposed by Nobel Prize-winner George Akerlof, who argued in a 1982 article that if employees were paid above the going rate, they'd reciprocate by working hard—a money-for-effort 'gift exchange.' Pay them less, and they'll reciprocate with less work."