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dc.contributor.authorTorsvik, Gauteen
dc.date.accessioned2011-12-12-
dc.date.accessioned2011-12-14T12:18:27Z-
dc.date.available2011-12-14T12:18:27Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/53134-
dc.description.abstractThis paper uses data from a firm with team production to investigate the association between workers' productivity, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case. Workers persistently producing above the team average should vote for an individual bonus. The only concern that may moderate this preference is risk aversion. The economic model predicts the case at hand fairly well. Relative work place productivity is strongly associated with a preference for individual bonuses, and risk aversion is associated with a preference for a team bonus. There is, however, one noticeable exception to this pattern: a substantial fraction of low performers prefer an individual bonus. I argue there are two types of other regarding concerns that can explain why under-performers prefer a payment system that reduces their income; distributional fairness and social emotions.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3658en
dc.subject.jelJ33en
dc.subject.jelD63en
dc.subject.ddc330en
dc.subject.keywordpayment systemsen
dc.subject.keywordrisk aversionen
dc.subject.keywordsocial appraisalen
dc.subject.keywordfairnessen
dc.titleTeam or individual: What determines workers' preferred bonus schemes?-
dc.typeWorking Paperen
dc.identifier.ppn679524495en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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