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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
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams’ identity and social-image concerns salient. We study the effects of tournaments on team performance in a …
Persistent link: https://www.econbiz.de/10012597694
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams' identity and image concerns salient. We study the effects of tournaments on team performance in a non …
Persistent link: https://www.econbiz.de/10014495030
recruitment is observable on nearly any hierarchy level. We explain these empirical puzzles by combining job-promotion tournaments …
Persistent link: https://www.econbiz.de/10010343925
Persistent link: https://www.econbiz.de/10012244195
When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...
Persistent link: https://www.econbiz.de/10003323166
Using Norwegian establishment surveys from 1997 and 2003, we show that performance-related pay is more prevalent in firms where workers of the main occupation have a high degree of autonomy in how to organize their work. This observation supports an interpretation of incentive pay as motivated...
Persistent link: https://www.econbiz.de/10003328059
This paper examines the effects of performance pay on earnings using linked employee-employer panel data from Finland. These payroll data contain information on the exact share of earnings obtained and hours worked on a performance pay contract. Using these data, we estimate the effects of...
Persistent link: https://www.econbiz.de/10003355649
When exogenously imposed, rank-order tournaments have incentive properties but their overall efficiency is reduced by a … to investigate the ex ante sorting effect of tournaments. This paper reports results from an experiment analyzing whether … allowing subjects to self-select into different payment schemes helps in reducing the variability of performance in tournaments …
Persistent link: https://www.econbiz.de/10003283430
players' incentives to adjust effort according to success chances. -- sports economics ; tournaments ; incentives …
Persistent link: https://www.econbiz.de/10003285374