Essays in behavioural labour economics

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dc.contributor.advisor Chaudhuri, A en
dc.contributor.advisor Steele, J en
dc.contributor.advisor Greenaway-McGrevy, R en So, Tony en 2017-02-19T21:24:56Z en 2016 en
dc.identifier.uri en
dc.description.abstract We use decision making experiments to study the impact of different pay schemes and feedback on performance and learning in a cognitively challenging task. In each of multiple rounds, subjects are presented with two cue values, Cue A and Cue B, and asked to predict the value of a third variable X, which is derived from a function of the two cue values. We measure performance with the forecast error of the prediction, the absolute difference between the actual and predicted values of X. Our pay schemes include: (1) piece rates, where subjects are paid on the basis of only their own performance; (2) a two-person winner-takes-all-tournament, where subjects are paired and the one with the highest performance earns a positive payoff while the other earns nothing; and 3) a fixed salary, where subjects are paid a flat lump-sum amount regardless of their performance. These pay schemes make up three of our experimental treatments: the Piece Rate, Tournament and Salary treatments. In our fourth treatment – the Piece Rate Win Lose treatment – we investigate the role of relative performance feedback by paying people piece rates based on their own performance, while informing them about whether they performed better or worse than a random partner. We find that the Piece Rate Win Lose and Salary treatments perform better than the Piece Rate and Tournament treatments, with no difference in performance between the former and latter two treatments. However, we only observe significant learning in the Tournament treatment. en
dc.publisher ResearchSpace@Auckland en
dc.relation.ispartof PhD Thesis - University of Auckland en
dc.relation.isreferencedby UoA99264906311402091 en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri en
dc.rights.uri en
dc.title Essays in behavioural labour economics en
dc.type Thesis en Economics en The University of Auckland en Doctoral en PhD en
dc.rights.holder Copyright: The author en
dc.rights.accessrights en
pubs.elements-id 614020 en
pubs.record-created-at-source-date 2017-02-20 en

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