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This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10011337995
comparison group in China, we examine how both psychological and financial incentives, together with attitudes toward risk, may … rank-based financial incentives. Our results show that performance-ranking information had a significant motivational … effect on average performance for students, but not for that of workers. Adding financial incentives based on rank provided …
Persistent link: https://www.econbiz.de/10011407820
of incentives, with the peculiar features of being awarded in public, and of having largely symbolic value. Informed by … incentives and prizes. The conceptual factors highlighted by our analytical framework are then tested through a laboratory … experiment. The experimental exercise aims to analyze how prizes and incentives impact actual individuals' behavior differently …
Persistent link: https://www.econbiz.de/10011996034
crowding out due to low-powered incentives. High-powered incentives in the workplace tend to increase output, but it is unknown … also extends to high-powered incentives, in a real work setting with paid workers. There is individual heterogeneity …
Persistent link: https://www.econbiz.de/10011946785
We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about...
Persistent link: https://www.econbiz.de/10014493793
In management, incentives are a reward to motivate people and create favorable conditions directed to achieve specific … incentives to suggest management implications directed to support motivation and performance of employees in public organizations …
Persistent link: https://www.econbiz.de/10012889086
performance evaluations over time provide effective incentives …
Persistent link: https://www.econbiz.de/10013125219
Empirical studies of the principal-agent relationship find that extrinsic incentives work in many instances, linking … drive to work to master a skill or to improve one's self image, is thought to be the key to whether incentives work or not …. If the incentives crowd-out intrinsic motivation, and the effect is large enough, the net motivational effect on effort …
Persistent link: https://www.econbiz.de/10009771729
Economic theory predicts that agents will work harder if they believe in the "mission" of the organization. Well … to organizations, creating either mission matches or mismatches. We overlay performance incentives to test whether they …
Persistent link: https://www.econbiz.de/10010125806
tournament contract incorporating both incentives at the top and at the bottom induces the highest effort, especially in larger …
Persistent link: https://www.econbiz.de/10011337036