The effect of payment medium on effort | Zendy

IncekaraHafalir Elif | Zendy; Kumar Raymond | Zendy; SilvaGoncalves Juliana | Zendy

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The effect of payment medium on effort

Author(s) -

IncekaraHafalir Elif,

Kumar Raymond,

SilvaGoncalves Juliana

Publication year - 2022

Publication title -

economic inquiry

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.823

H-Index - 72

eISSN - 1465-7295

pISSN - 0095-2583

DOI - 10.1111/ecin.13073

Subject(s) - payment , productivity , affect (linguistics) , business , actuarial science , economics , finance , psychology , economic growth , communication

Employers reward workers and researchers pay human subjects using different payment mediums. These payment mediums can have various psychological effects on workers/research participants, and thereby influence their effort provision. In this paper, we investigate the effect of payment medium on participants' effort in a lab experiment. We find evidence that payment mediums affect participants' productivity when a fixed payment scheme is used, but not under a performance‐based payment scheme.

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