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Can higher bonuses lead to less effort? Incentive reversal in teams
Klor, Esteban F.; Kube, Sebastian; Winter, Eyal; … - 2011
Conventional wisdom suggests that an increase in monetary incentives should induce agents to exert higher effort. In this paper, however, we demonstrate that this may not hold in team settings. In the context of sequential team production with positive externalities between agents, incentive...
Persistent link: https://www.econbiz.de/10010278589
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Pro-social missions and worker motivation: An experimental study
Fehrler, Sebastian; Kosfeld, Michael - 2012
Do employees work harder if their job has the right mission? In a laboratory labor market experiment, we test whether subjects provide higher effort if they can choose the mission of their job. We observe that subjects do not provide higher effort than in a control treatment. Surprised by this...
Persistent link: https://www.econbiz.de/10010282233
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Workplace democracy in the lab
Mellizo, Philip; Carpenter, Jeffrey P.; Matthews, Peter Hans - 2011
While intuition suggests that empowering workers to have some say in the control of the firm is likely to have beneficial incentive effects, empirical evidence of such an effect is hard to come by because of numerous confounding factors in the naturally occurring data. We report evidence from a...
Persistent link: https://www.econbiz.de/10010285521
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Who benefits from benefits? Empirical research on tangible incentives
Hammermann, Andrea; Mohnen, Alwine - 2012
Although a broad field of literature on incentive theory exists, employer-provided tangible goods (hereafter called benefits) have so far been neglected by economic research. A remarkable exception is an empirical study by Oyer (2008). In our study, we test some of his findings by drawing on a...
Persistent link: https://www.econbiz.de/10010282164
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Mindfulness Training, Cognitive Performance and Stress Reduction
Charness, Gary; Le Bihan, Yves; Villeval, Marie Claire - 2023
conduct an experiment involving a three-month within-firm training program based on the principles of mindfulness and positive … its impact on both reducing perceived stress and increasing self-reported cognitive flexibility and mindfulness. At the …. Overall, mindfulness training seems to provide benefits for psychological and cognitive health in adults. …
Persistent link: https://www.econbiz.de/10014469497
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Bonus payments and reference point violations
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - 2010
We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We find that falling behind a naturally occurring reference point for bonus comparisons reduces satisfaction and subsequent performance. The effects tend to be mitigated if...
Persistent link: https://www.econbiz.de/10010269395
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Toward the integration of personality theory and decision theory in the explanation of economic and health behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon; … - 2012
Trait-based personality psychology and economics have taken different approaches to understanding individual differences, with the former emphasizing variables derived from the factor analysis of trait assessments, and the latter emphasizing variables derived from formal decision theory. In a...
Persistent link: https://www.econbiz.de/10010287694
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Bonus Payments and Reference Point Violations
Ockenfels, Axel; Sliwka, Dirk; Werner, Peter - Institute for the Study of Labor (IZA) - 2010
We investigate how bonus payments affect satisfaction and performance of managers in a large, multinational company. We find that falling behind a naturally occurring reference point for bonus comparisons reduces satisfaction and subsequent performance. The effects tend to be mitigated if...
Persistent link: https://www.econbiz.de/10008592860
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Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic and Health Behavior
Rustichini, Aldo; DeYoung, Colin G.; Anderson, Jon E.; … - Institute for the Study of Labor (IZA) - 2012
Trait-based personality psychology and economics have taken different approaches to understanding individual differences, with the former emphasizing variables derived from the factor analysis of trait assessments, and the latter emphasizing variables derived from formal decision theory. In a...
Persistent link: https://www.econbiz.de/10010742085
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Employer learning, productivity and the earnings distribution: Evidence from performance measures
Kahn, Lisa B.; Lange, Fabian - 2010
Two ubiquitous empirical regularities in pay distributions are that the variance of wages increases with experience, and innovations in wage residuals have a large, unpredictable component. The leading explanations for these patterns are that over time, either firms learn about worker...
Persistent link: https://www.econbiz.de/10010272657