THE EFFECTS OF FINANCIAL AND RECOGNITION INCENTIVES ACROSS WORK CONTEXTS: THE ROLE OF MEANING
We manipulate workers' perceived meaning of a job in a field experiment and interact meaning of work with both financial and recognition incentives. Results show that workers exert more effort when meaning is high. Money has a positive effect on performance that is independent of meaning. In co...
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Veröffentlicht in: | Economic inquiry 2017-01, Vol.55 (1), p.237-247 |
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creator | Kosfeld, Michael Neckermann, Susanne Yang, Xiaolan |
description | We manipulate workers' perceived meaning of a job in a field experiment and interact meaning of work with both financial and recognition incentives. Results show that workers exert more effort when meaning is high. Money has a positive effect on performance that is independent of meaning. In contrast, meaning and recognition interact negatively. Our results provide new insights into the stability of incentive effects across important work contexts. They also suggest that meaning and worker recognition may operate via the same motivational channel. (JEL C93, J33, M12, M52) |
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subjects | Acknowledgment Analysis Employee awards Employee incentives Employee motivation Financial incentives Meaning Monetary incentives Money Motivation Studies Workers |
title | THE EFFECTS OF FINANCIAL AND RECOGNITION INCENTIVES ACROSS WORK CONTEXTS: THE ROLE OF MEANING |
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