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We investigate the causal effect of conversations about performance and performance pay implementing a 2x2 field experiment in a retail chain. In the performance pay treatments, managers receive a bonus for profit increases. In the performance review treatments, managers have regular meetings...
Persistent link: https://www.econbiz.de/10012867144
In a field experiment with a retail chain (1,300 employees, 193 shops), randomly selected sales teams received a bonus. The bonus increases both sales and number of customers dealt with by 3%. Each dollar spent on the bonus generates $3.80 in sales, and $2.10 in profit. Wages increase by 2.2%...
Persistent link: https://www.econbiz.de/10012971148
We test the effectiveness of team incentives by running a natural field experiment in a retail chain of 193 shops and 1 …
Persistent link: https://www.econbiz.de/10013016180
Within a laboratory experiment we investigate a principal-agent game in which agents may, first, self-select into a group task (GT) or an individual task (IT) and, second, choose work effort. In their choices of task and effort the agents have to consider pay contracts for both tasks as offered...
Persistent link: https://www.econbiz.de/10013317147
In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between workers and managers. Average output is substantially higher if bonuses are paid in the middle rather than upfront or at the end, as workers increase first-period output to signal...
Persistent link: https://www.econbiz.de/10011871948
In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between workers and managers. Average output is substantially higher if bonuses are paid in the middle rather than upfront or at the end, as workers increase first-period output to signal...
Persistent link: https://www.econbiz.de/10012915741
their own performances with those of co-workers. I analyze the interplay of emotions and incentives by focusing on a certain … emotions lead to additional incentives and under which the employer benefits from emotional workers, and I sketch the impact of … risk aversion on the interplay of emotions and incentives, and the influence of a worker's success probability on the …
Persistent link: https://www.econbiz.de/10014214082
In this study, we explore the relation between job characteristics and employees' self-evaluations of performance in comparison to their colleagues' performance. Making use of unique individual panel data of ten large firms in Germany's chemical industry, we focus on monetary rewards (bonus...
Persistent link: https://www.econbiz.de/10014249264
model where stronger incentives distort a worker's decisions towards low risk-return tasks …
Persistent link: https://www.econbiz.de/10014255607
Civil servants have a reputation for being lazy. However, people's personal experiences with civil servants frequently run counter to this stereotype. We develop a model of an economy in which workers differ in laziness and in public service motivation, and characterise optimal incentive...
Persistent link: https://www.econbiz.de/10011335183