|Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. (2013): Discretion, productivity, and work satisfaction. In: Journal of Institutional and Theoretical Economics (JITE), Vol. 169, No. 1: pp. 4-22|
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In Bartling, Fehr, and Schmidt (2012) we show theoretically and experimentally that it is optimal to grant discretion to workers if (i) discretion increases productivity, (ii) workers can be screened by past performance, (iii) some workers reciprocate high wages with high effort, and (iv) employers pay high wages leaving rents to their workers. In this paper we show experimentally that the productivity increase due to discretion is not only sufficient but also necessary for the optimality of granting discretion to workers. Furthermore, we report representative survey evidence on the effect of discretion on workers’ welfare, confirming that workers earn rents.
Economics > Chairs > Seminar for Economic Theory
|Subjects:||300 Social sciences > 330 Economics|
|Deposited On:||15. Apr 2014 08:56|
|Last Modified:||29. Apr 2016 09:17|
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Discretion, Productivity and Work Satisfaction. (deposited 10. Jul 2012 13:05)
Discretion, Productivity, and Work Satisfaction. (deposited 30. Oct 2012 18:47)
- Discretion, productivity, and work satisfaction. (deposited 15. Apr 2014 08:56) [Currently Displayed]
- Discretion, Productivity, and Work Satisfaction. (deposited 30. Oct 2012 18:47)