A study on incentives and behaviors of each age group in transition countries: Case for Mongolia

Abstract

Abstract. This section is examined statistically whether the importance of the motives for act and the acceptances for lower wage and labor incentives is different between each age group. Above results shows young age group is “self-actualization” as important motive, old age group is “moral” as it. And old age group has higher labor incentives when it is suggested higher wage than the wage according to my ability, and when it is the lifetime employment system. Older age group think “moral” as important motive. They think that want to rewarded with the lifetime employment system and higher wage. It checked that action motives differed according to a generation.Moreover, Prospect Theory, the efficiency wage hypothesis, and the relative wage hypothesis were satisfied, and it was checked that the influences differ in his twenties as compared with other generations. Moreover, the rate of desiring lifelong employment system as a senior was large, and his twenties had many people who do not desire lifelong employment system strongly. This shows that consciousness change and a behavioral change may have arisen in that time in 1990 which shifted to the market economy bordering on people who were his teens, i.e., his present twenties, and his 30's. It is shown that there is no big difference the results of transition country, the results of advanced nations, especially the result of Japan.

Keywords. The efficiency wage hypothesis; The relative wage hypothesis; Lifelong employment system; Mongolia.

JEL. P20; P22; P25.