Status and incentives
This article introduces status as reflecting an agent's claim to recognition in her work. This is a scarce resource: increasing an agent's status requires that another agent's status be decreased. Higher-status agents are more willing to exert effort in exchange for money; better-paid agents would exert higher effort in exchange for improved status. The results are consistent with actual management practices: (i) egalitarianism is desirable in a static context; (ii) in a long-term work relationship, juniors' compensation is delayed; and (iii) past performance is rewarded by pay increases along with improved status within the organization's hierarchy. Copyright (c)2008, RAND.
Year of publication: |
2008
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Authors: | Auriol, Emmanuelle ; Renault, RĂ©gis |
Published in: |
RAND Journal of Economics. - RAND, ISSN 0741-6261. - Vol. 39.2008, 1, p. 305-326
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Publisher: |
RAND |
Saved in:
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