Showing 1 - 10 of 159
This paper describes individuals' inequality perceptions, distributional norms, and redistributive preferences in a … inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and …
Persistent link: https://www.econbiz.de/10010817293
Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a … laboratory experiment in which the choice of the job charac- teristics (i.e., the mission) is part of the compensation package … and non-monetary incentives imperfect. These findings have implications for the design of incentives in mission …
Persistent link: https://www.econbiz.de/10010941146
use. This paper presents an experiment conducted online at IBM to assess the impact of these kinds of extrinsic incentives …Non-monetary incentives in the form of awards have so far escaped the attention of economists despite their widespread …
Persistent link: https://www.econbiz.de/10005627888
We employ laboratory methods to study stability of competitive equilibrium in Scarf's economy (International Economic Review, 1960). Tatonnement theory predicts that prices are globally unstable for this economy, i.e. unless prices start at the competitive equilibrium they oscillate without...
Persistent link: https://www.econbiz.de/10010817284
Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients’ subsequent research activity and status compared to a...
Persistent link: https://www.econbiz.de/10010817302
economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than … complement, or even substitute for, monetary incentives. While we discuss awards in the context of academia, our conclusions …
Persistent link: https://www.econbiz.de/10005463527
experiment that quantifies and isolates the effects of different award characteristics such as the publicity associated with …
Persistent link: https://www.econbiz.de/10005627853
: selfish workers who only respond to monetary incentives, and conditionally cooperative workers who might voluntarily provide …-select into firms that differ in their incentives as well as their resulting level of team work. Our model can explain why firms …
Persistent link: https://www.econbiz.de/10005627941
Empirical evidence shows that workers care about the mission of their job in addition to their wage. This suggests that employers can use the job mission to incentivize and screen their workers. I study a model in which a principal selects an agent to develop a project and influences the agent's...
Persistent link: https://www.econbiz.de/10010941147
firm on the productivity of its workers. Besides giving more incentives, bigger wage differentials might also give rise to …
Persistent link: https://www.econbiz.de/10005627778