EconPapers    
Economics at your fingertips  
 

Monetary and Social Incentives in Multi-Tasking: The Ranking Substitution Effect

Matthias Stefan (), Jürgen Huber (), Michael Kirchler (), Matthias Sutter () and Markus Walzl ()
Additional contact information
Matthias Stefan: University of Innsbruck
Michael Kirchler: University of Innsbruck

No 13345, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Rankings are prevalent information and incentive tools in labor markets with strong competition for talent. In a dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs when performance in one task is incentivized and ranked while another prosocial task is not: (i) a ranking influences behavior if individuals lag behind: they spend more total effort and substitute effort in the prosocial task with effort in the ranked task; (ii) those ahead in the ranking spend less total effort and lower relative effort in the ranked task. Implications for incentive schemes are discussed.

Keywords: multi-tasking decision problem; rank incentives; framed field experiment; finance professionals (search for similar items in EconPapers)
JEL-codes: C93 D02 D91 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2020-06
New Economics Papers: this item is included in nep-exp and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://docs.iza.org/dp13345.pdf (application/pdf)

Related works:
Working Paper: Monetary and Social Incentives in Multi-Tasking: The Ranking Substitution Effect (2020) Downloads
Working Paper: Monetary and Social Incentives in Multi-Tasking: The Ranking Substitution Effect (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp13345

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2022-08-06
Handle: RePEc:iza:izadps:dp13345