Tag Archives: performance

The impact of self-selection on performance

Our behavior is strongly influenced by comparisons with others. These “others” are not usually assigned to us, but we choose who we interact and compare ourselves with. Or, as economists put it, individuals self-select into certain environments and into specific … Continue reading

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Do longer working hours decrease performance?

Working hours vary substantially, both between and within countries, due to differences in the regulation of the standard workweek and in the prevalence of part-time work. Relatively little, however, is known about how the length of the working day affects … Continue reading

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Employee incentives: Bonuses or penalties?

A large empirical literature supports the view that linking payment to performance is highly effective in raising productivity. However, often little attention is paid to how performance incentives are implemented in employment contracts. While most employers work with bonuses, some … Continue reading

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How setting the right goals can boost business productivity

Businesses require motivated and productive employees. Monetary incentives, such as pay-for-performance schemes are a popular tool to encourage better employee performance. Another effective and much cheaper tool that has proved to lift employee performance is smart goal setting. Whether assigned … Continue reading

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Grades and rank: How do they affect student effort?

The educational system is built upon a sequence of tests to measure student performance. Improving student performance is a key educational and economic policy issue to which much time and resources are devoted. At the same time, the results of … Continue reading

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Using employee recognition to boost productivity

Good bosses know that recognition and words of appreciation are key tools to motivate employes and increase productivity. But what is the most effective way? Is it better to praise all employees, or just the top performers? A new IZA … Continue reading

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Knowing that you matter, matters: the luck of having a meaningful job

What if somebody told you that your job was completely irrelevant and useless? Would you still work with the same effort? Probably not. But what if you got more money or became “employee of the month”? In a new IZA … Continue reading

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