English, Article, Journal or magazine article edition: What Is an Award Worth? An Econometric Assessment of the Impact of Awards on Employee Performance Susanne Neckermann; Reto Cueni; Bruno S. Frey

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Bookmark: http://trove.nla.gov.au/version/69052
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • What is an award worth? An econometric assessment of the impact of awards on employee performance
Author
  • Susanne Neckermann
  • Reto Cueni
  • Bruno S. Frey
Physical Description
  • preprint
Notes
  • Behavioral economics documents the importance of status and self-image concerns in the workplace, but is largely silent about how to instrumentalize them to induce effort. Awards|widespread in the corporate sector and elsewhere are motivators that derive their value from such social concerns. Panel data from the call center of a large international bank allow us to estimate the impact of receiving an award on e ort. The performance of winners proves to be signi cantly higher than that of comparable nonrecipients after the award has been presented. This increase in work e ort is sizeable, robust, and not driven by reverse causation.
  • RePEc:cra:wpaper:2009-09
  • Behavioral economics documents the importance of status and self-image concerns in the workplace, but is largely silent about how to instrumentalize them to induce effort. Awards - widespread in the corporate sector and elsewhere - are motivators that derive their value from such social concerns. Panel data from the call center of a large international bank allow us to estimate the impact of receiving an award on effort. The performance of winners proves to be significantly higher than that of comparable non-recipients after the award has been presented. This increase in work effort is sizeable, robust, and not driven by reverse causation.
  • RePEc:ces:ceswps:_2657
  • Awards, motivation, non-monetary compensation, event-study, incentives
  • RePEc:zur:iewwpx:411
Language
  • English
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