Showing 1 - 6 of 6
recognition on employee performance. We hired more than 300 employees to work on a three-hour data-entry task. In a random sample … of work groups, workers unexpectedly received recognition after two hours of work. We find that recognition increases … subsequent performance substantially, and particularly so when recognition is exclusively provided to the best performers …
Persistent link: https://www.econbiz.de/10010631773
This paper argues that the “Economics of Crime” concentrates too much on punishment as a policy to fight crime, which is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible alternatives to punishment exist, such as...
Persistent link: https://www.econbiz.de/10005013061
Behavioral economics documents the importance of status and self-image concerns in the workplace, but is largely silent about how to instrumentalize them to induce effort. Awards - widespread in the corporate sector and elsewhere - are motivators that derive their value from such social...
Persistent link: https://www.econbiz.de/10004979427
have an impact on attitudes concerning effort and motivation. …
Persistent link: https://www.econbiz.de/10005051594
care about relative pay. I argue that these findings fit with behavioral stories of incentives and motivation, in …
Persistent link: https://www.econbiz.de/10005196276
Awards in the form of orders, medals, decorations and titles are ubiquitous in monarchies and republics, private organizations, not-for-profit and profit-oriented firms. Nevertheless, economists have disregarded this kind of non-material extrinsic incentive.The demand for awards relies on an...
Persistent link: https://www.econbiz.de/10005406118