Personality and physician performance pay: Evidence from a behavioral experiment in health
Heike Hennig-Schmidt and
Additional contact information
Mona Groß: Department of Health Care Management, University of Cologne, Germany
Heike Hennig-Schmidt: Department of Economics, University of Bonn, Germany Departement of Health Economics and Health Management, University of Oslo, Norway
Daniel Wiesen: Department of Health Care Management, University of Cologne, Germany
No 2023:5, HERO Online Working Paper Series from University of Oslo, Health Economics Research Programme
We study how the heterogeneity in responses to performance pay can be explained by personality traits. We utilize data from behavioral experiments and surveys on personality traits with physicians, medical students, and non-medical students. Performance pay is introduced at a within-subject level and complements either fee-for-service or capitation. We find that the payment system matters regarding the behavioral impact of personality traits. More conscientious and more agreeable individuals provide higher quality of care under capitation. Although performance pay further improves the quality, more conscientious and agreeable individuals respond less to capitation-based performance pay. Other personality traits are not behaviorally relevant. Under fee-for-service-based schemes, personality traits do not significantly related to individuals’ behavior. Our findings inform the incentive design for physicians and the potential sorting into incentive schemes based on personality traits.
Keywords: Fee-for-service; capitation; blended pay for performance; personality traits; quality of care; heterogeneity (search for similar items in EconPapers)
JEL-codes: C91 I11 (search for similar items in EconPapers)
Pages: 16 pages
New Economics Papers: this item is included in nep-cbe, nep-eur, nep-exp, nep-hea and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.med.uio.no/helsam/forskning/nettverk/h ... erie/2023/2023-5.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hhs:oslohe:2023_005
Access Statistics for this paper
More papers in HERO Online Working Paper Series from University of Oslo, Health Economics Research Programme HERO / Department of Health Management and Health Economics P.O. Box 1089 Blindern, N-0317 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by Kristi Brinkmann Lenander ().