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Title:Social interaction, co-Worker altruism, and incentives PDF Logo
Authors:Dur, Robert
Sol, Joeri
Issue Date:2008
Series/Report no.:CESifo working paper 2476
Abstract:Social interaction with colleagues is an important job attribute for many workers. To attract and retain workers, managers therefore need to think about how to create and preserve high-quality co-worker relationships. This paper develops a principal-multi-agent model where agents do not only engage in productive activities, but also in social interaction with their colleagues, which in turn creates co-worker altruism. We study how financial incentives for productive activities can improve or damage the work climate. We show that both team incentives and relative incentives can help to create a good work climate. We discuss some empirical evidence supporting these predictions.
Subjects:Social interaction
altruism
incentive contracts
co-worker satisfaction
JEL:D86
J41
M50
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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