The effect of payment medium on effort

Elif Incekara‐Hafalir, Raymond Kumar and Juliana Silva‐Goncalves

Economic Inquiry, 2022, vol. 60, issue 3, 1111-1126

Abstract: Employers reward workers and researchers pay human subjects using different payment mediums. These payment mediums can have various psychological effects on workers/research participants, and thereby influence their effort provision. In this paper, we investigate the effect of payment medium on participants' effort in a lab experiment. We find evidence that payment mediums affect participants' productivity when a fixed payment scheme is used, but not under a performance‐based payment scheme.

Date: 2022
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https://doi.org/10.1111/ecin.13073

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