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performance incentive schemes such as profit-sharing or team incentives. The appropriate approach depends on each company's unique …
Persistent link: https://www.econbiz.de/10012296350
Persistent link: https://www.econbiz.de/10012029410
Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...
Persistent link: https://www.econbiz.de/10003592884
In this paper we investigate whether the framing of the incentives used to foster participation into contexts …/punishment framing of incentives. We find that individuals characterized by a high degree of risk aversion perform worse under time …
Persistent link: https://www.econbiz.de/10012249515
Consider a principal-agent relationship in which more effort by the agent raises the likelihood of success. Does rewarding success, i.e., paying a bonus, increase effort in this case? I find that bonuses have not only an incentive but also an income effect. Overall, bonuses paid for success may...
Persistent link: https://www.econbiz.de/10011422168
Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and...
Persistent link: https://www.econbiz.de/10010294492
Despite the prevalence of non-routine analytical team tasks in modern economies, little is known about how incentives … bonus incentives on the probability of completion of such a task. Bonus incentives increase performance due to the reward … minor role. Incentives improve performance also in an additional sample of presumably less motivated workers. However …
Persistent link: https://www.econbiz.de/10011932936
controlling for individual heterogeneity biases, it is shown that job utility rises only in response to 'generous' bonus payments …
Persistent link: https://www.econbiz.de/10010269686
incentives influence performance in these tasks. In a series of field experiments involving more than 5,000 participants, we … investigate how incentives alter behavior in teams working on such a task. We document a positive effect of bonus incentives on … those seen with bonus incentives, rendering it as a likely mediator of incentive effects. …
Persistent link: https://www.econbiz.de/10014467847
Despite the prevalence of non-routine analytical team tasks in modern economies, little is known about how incentives … bonus incentives on the probability of completion of such a task. Bonus incentives increase performance due to the reward … minor role. Incentives improve performance also in an additional sample of presumably less motivated workers. However …
Persistent link: https://www.econbiz.de/10011712799