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Eliciting Time versus Money: Time Scarcity Underlies Asymmetric Wage Rates

Ashwani Monga, Frank May, Rajesh Bagchi

Journal of Consumer Research, 2017. DOI 10.1093/jcr/ucx066

Has this study been replicated?

The atlas records 1 replication of this study. Recorded outcomes: 1 mixed.

Replications

• Empirical audit and review and an assessment of evidentiary value in research on the psychological consequences of scarcity, O'Donnell et al. (2021). Outcome recorded: mixed. A main effect of procedure emerged, such that the desired wage rate was higher in the TEL (vs.MEL) condition (MTEL = $15.06, SD = $9.54; MMEL = $8.71, SD = $8.21; F(1, 463) = 27.26, p < .001, Cohen's d = 0.179). There was no significant difference of the wage rate in the distant versus near future ( View paper

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