English
 
Help Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
Add to Basket
  Local TagsRelease HistoryDetailsSummary

Released
Paper

Monetary and social incentives in multi-tasking: The ranking substitution effect

MPS-Authors
/persons/resource/persons206813

Sutter,  Matthias
Max Planck Institute for Research on Collective Goods, Max Planck Society;

External Resource
No external resources are shared
Fulltext (restricted access)
There are currently no full texts shared for your IP range.
Fulltext (public)

2020_10online.pdf
(Any fulltext), 3MB

Supplementary Material (public)
There is no public supplementary material available
Citation

Stefan, M., Huber, J., Kirchler, M., Sutter, M., & Walzl, M. (2020). Monetary and social incentives in multi-tasking: The ranking substitution effect.


Cite as: https://hdl.handle.net/21.11116/0000-0006-66F3-5
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.