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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
Ein typisches Ergebnis einfacher Prinzipal-Agent-Modelle ist, dass die Arbeitsanstrengung des Agenten lediglich vom leistungsabhängigen Teil der Vergütung getrieben wird. In dieser Arbeit wird gezeigt, dass dies nicht notwendigerweise gilt, wenn Agenten referenzpunktabhängige Präferenzen und...
Persistent link: https://www.econbiz.de/10010386873
incentives schemes is not a relevant criterion for sorting decisions in our experiment. Finally, we find that cortisol levels are … performance - in particular, tournament incentives - induce more stress than schemes that are independent of performance - fixed … self-reported feelings of stress and primary appraisals. We find that tournament incentives induce a stress response …
Persistent link: https://www.econbiz.de/10014248989
Persistent link: https://www.econbiz.de/10010237720
Economic theory suggests that performance pay may serve as an effective screening device to attract productive agents. The existing evidence on the self-selection of agents is largely limited to job tasks where performance is driven by routine, well-defined procedures. This study presents...
Persistent link: https://www.econbiz.de/10010498559
Persistent link: https://www.econbiz.de/10012820382
performance - in particular, tournament incentives - induce more stress than schemes that are independent of performance - fixed … selfreported feelings of stress and primary appraisals. We find that tournament incentives induce a stress response whereas a fixed … subsequent choice between tournaments and fixed payment schemes, indicating that stress induced by incentives schemes is not a …
Persistent link: https://www.econbiz.de/10014233666
Persistent link: https://www.econbiz.de/10014369441
Agency theory assumes that tighter monitoring by the principal should motivate the agent to raise his effort level whereas the ?crowding-out? literature suggests that it may reduce the overall work effort. These two assertions are not necessarily contradictory provided that the nature of the...
Persistent link: https://www.econbiz.de/10010261972
An important aspect in determining the effectiveness of gift exchange relations in labor markets is the ability of the worker to repay the gift to the employer. To test this hypothesis, we conduct a real effort laboratory experiment where we vary the wage and the effect of the worker's effort on...
Persistent link: https://www.econbiz.de/10010266102