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also suggest that the sorting effect of incentives in the previous companies impact cooperation and efficiency after the … with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate …, which occur in both compensation incentives and team composition. The results of a real effort experiment conducted with …
Persistent link: https://www.econbiz.de/10010276427
firms that engage in Corporate Social Responsibility activities. This paper compares the effectiveness of social incentives … - that take the form of a donation received by a charity of the subject's choice - to financial incentives using an online … real effort experiment. We find that social incentives lead to a 20% rise in productivity, regardless of their form (lump …
Persistent link: https://www.econbiz.de/10010294288
firms that engage in Corporate Social Responsibility activities. This paper compares the effectiveness of social incentives … to financial incentives using an online real effort experiment. We find that social incentives lead to a 20% rise in … incentives half sacrifice some of their private compensation to increase social compensation, with women more likely than men …
Persistent link: https://www.econbiz.de/10010287651
According to most simple agency models only the performance dependent part of the compensation drives the agent's effort decision. However, we show that this is not necessarily the case for reference dependent and loss averse agents. Based on Pokorny (2008) we firstly analyze the impact of the...
Persistent link: https://www.econbiz.de/10011307007
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. Subjects …, tournament, and revenue sharing) compared to the fixed payment scheme. This difference is largely driven by productivity sorting … the sorting decision in a systematic way. Moreover, self-reported effort is significantly higher in all variable pay …
Persistent link: https://www.econbiz.de/10010334140
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. …
Persistent link: https://www.econbiz.de/10010261940
of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests … compensation in the form of variable pay. The selection or sorting explanation is consistent with the low elasticities of pay to …
Persistent link: https://www.econbiz.de/10010262719
to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether …-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/10010267611
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 … of multi-dimensional sorting, i.e., the tendency for different incentive schemes to systematically attract people with …
Persistent link: https://www.econbiz.de/10010267618
Implementing performance pay requires that workers' output be measured. When measurement costs differ among firms, those with a measurement cost advantage choose to implement performance pay. They attract the best workers, and both the level and variability of compensation are higher at these...
Persistent link: https://www.econbiz.de/10010268459