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dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs …
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-effort tournaments with two prizes. Experiment 1 shows that subjects exert high effort even if there are no monetary incentives … not result in higher effort provision. Experiment 2 shows that the impact of non-monetary incentives can be reduced by … incentivized alternative activity. Experiment 3 revisits the relationship between monetary incentives and effort provision using …
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Monetary systems are elementary social institutions but have rarely been studied by contemporary political philosophers. The burgeoning economic literature on monetary systems, on the other hand, is hardly ever informed by philosophical considerations. This article provides a step towards...
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The average worker in the US needs to work more than a year to earn his or her CEO's daily wage. The well-accepted justification among economists for these huge wage gaps is the necessity to achieve economic efficiency, in terms of efficient allocation in the labor market and incentivizing...
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monetary incentives. We use a unique data set containing information on digital labor flows from a major global online labor … of econometric identification: a depreciation of a country's currency against the U.S. dollar increases the incentives of … model, we find that monetary incentives induced by depreciations of foreign currencies against the U.S. dollar are …
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