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This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for crowding out of intrinsic motivation. By comparison, wage...
Persistent link: https://www.econbiz.de/10011459389
We manipulate workers’ perceived meaning of a job in a field experiment. Half of the workers are informed that their job is important, the other half are told that their job is of no relevance. Results show that workers exert more effort when meaning is high, corroborating previous findings on...
Persistent link: https://www.econbiz.de/10010428141
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
incentive pay system analogous to profit sharing, all-employee stock options, or an employment ownership scheme that makes part … highlight the distinct place of subsidized share purchase schemes in the spectrum of gift exchange and group incentive pay …
Persistent link: https://www.econbiz.de/10010414209
Are monetary and non-monetary incentives used as substitutes in motivating effort? I address this question in a laboratory experiment in which the choice of the job characteristics (i.e., the mission) is part of the compensation package that principals can use to influence the agents' effort....
Persistent link: https://www.econbiz.de/10010414760
This paper models two key roles of subjective performance evaluations: their incentive role and their feedback role …
Persistent link: https://www.econbiz.de/10009388480
This paper reports the results from a large-scale laboratory experiment investigating the impact of tournament incentives and wage gifts on creativity. We find that tournaments substantially increase creative output, with no evidence for crowding out of intrinsic motivation. By comparison, wage...
Persistent link: https://www.econbiz.de/10011479746
We conduct a field experiment among 189 stores of a retail chain to study dynamic incentive effects of relative …
Persistent link: https://www.econbiz.de/10011382591
of a 'triple-fit' between personal preferences, organizational culture and incentive mechanisms for prosocially …
Persistent link: https://www.econbiz.de/10010393276
This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …
Persistent link: https://www.econbiz.de/10010394022