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Respect as an Incentive

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  • Center for Corporate Performance (CCP)
  • Department of Economics
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 languageEnglish
Publication year2010
Publication statusPublished - 2010
EventEconometric Society, 10th World Congress - Shanghai, China
Duration: 17 Aug 201021 Aug 2010

Conference

ConferenceEconometric Society, 10th World Congress
CountryChina
CityShanghai
Period17/08/201021/08/2010

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