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experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. … the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10005763609
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that … the provision of incentives and their sorting effect. … the selection and incentive effects of pay schemes are so far thin on the ground. In addition, these effects may be …
Persistent link: https://www.econbiz.de/10005112731
to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether … is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …-subject variance is substantially lower than when the same payment scheme is imposed. Mainly based on risk aversion, sorting is …
Persistent link: https://www.econbiz.de/10005763542
to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether … is attributable both to its incentive effect and to its selection effect among employees (Lazear, 2000), it is important …, sorting is efficiency-enhancing since it increases the homogeneity of the contestants. We suggest that the flexibility of the …
Persistent link: https://www.econbiz.de/10005086299
. Our experiment investigates the impact of performance pay on both incentives and sorting and analyzes the influence of … performance pay. Social motivation and reputation influence both the provision of incentives and their sorting effect. …
Persistent link: https://www.econbiz.de/10005424118
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first …) compared to the fixed payment scheme. Second, this difference is largely driven by productivity sorting. On average, the more … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10005703774
. The existing evidence on the self-selection of agents is largely limited to job tasks where performance is driven by … tournament-based scheme vs. a fixed pay scheme. The experiment allows for the measurement of creative productivity, risk … productivity, but only according to their risk attitudes and self-assessments. The reason for the absence of a selection of the …
Persistent link: https://www.econbiz.de/10011213916
This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...
Persistent link: https://www.econbiz.de/10005703358
This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...
Persistent link: https://www.econbiz.de/10005056862
experiment reproduces this model in the laboratory by means of various treatments in which we alter the variance of the …
Persistent link: https://www.econbiz.de/10005822026