Respect as an Incentive

Tor Viking Eriksson; Marie-Claire Villeval

Respect as an Incentive

Tor Viking Eriksson, Marie-Claire Villeval

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Abstract

In this paper we examine respect as a non-monetary source of motivation. Our experiment sheds light on the extent to which symbolic rewards are used, how they are valued by the employees, and how they affect employee effort, the duration of relationships, and profits of employers. We also study whether employers’ decisions to give symbolic rewards are driven by strategic considerations. We find that employers do make use of symbolic rewards and chiefly to express their satisfaction with the employee. Symbolic rewards are associated with higher profits and increased probability of continuing employment relationships

Original language	English
Publication date	2010
Publication status	Published - 2010
Event	Econometric Society, 10th World Congress - Shanghai, China Duration: 17 Aug 2010 → 21 Aug 2010

Conference

Conference	Econometric Society, 10th World Congress
Country/Territory	China
City	Shanghai
Period	17/08/2010 → 21/08/2010

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title = "Respect as an Incentive",

abstract = "In this paper we examine respect as a non-monetary source of motivation. Our experiment sheds light on the extent to which symbolic rewards are used, how they are valued by the employees, and how they affect employee effort, the duration of relationships, and profits of employers. We also study whether employers{\textquoteright} decisions to give symbolic rewards are driven by strategic considerations. We find that employers do make use of symbolic rewards and chiefly to express their satisfaction with the employee. Symbolic rewards are associated with higher profits and increased probability of continuing employment relationships ",

author = "Eriksson, {Tor Viking} and Marie-Claire Villeval",

year = "2010",

language = "English",

note = "Econometric Society, 10th World Congress ; Conference date: 17-08-2010 Through 21-08-2010",

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TY - CONF

T1 - Respect as an Incentive

AU - Eriksson, Tor Viking

AU - Villeval, Marie-Claire

PY - 2010

Y1 - 2010

N2 - In this paper we examine respect as a non-monetary source of motivation. Our experiment sheds light on the extent to which symbolic rewards are used, how they are valued by the employees, and how they affect employee effort, the duration of relationships, and profits of employers. We also study whether employers’ decisions to give symbolic rewards are driven by strategic considerations. We find that employers do make use of symbolic rewards and chiefly to express their satisfaction with the employee. Symbolic rewards are associated with higher profits and increased probability of continuing employment relationships

AB - In this paper we examine respect as a non-monetary source of motivation. Our experiment sheds light on the extent to which symbolic rewards are used, how they are valued by the employees, and how they affect employee effort, the duration of relationships, and profits of employers. We also study whether employers’ decisions to give symbolic rewards are driven by strategic considerations. We find that employers do make use of symbolic rewards and chiefly to express their satisfaction with the employee. Symbolic rewards are associated with higher profits and increased probability of continuing employment relationships

M3 - Paper

T2 - Econometric Society, 10th World Congress

Y2 - 17 August 2010 through 21 August 2010

ER -

Respect as an Incentive

Abstract

Conference

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