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Essays on behavioral labor economics.

Mellizo, Philip Pablo.

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Essays on behavioral labor economics.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Essays on behavioral labor economics./
Author:	Mellizo, Philip Pablo.
Description:	184 p.
Notes:	Source: Dissertation Abstracts International, Volume: 71-12, Section: A, page: .
Contained By:	Dissertation Abstracts International71-12A.
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3427557
ISBN:	9781124320168

Essays on behavioral labor economics.
Mellizo, Philip Pablo.

Essays on behavioral labor economics. - 184 p.

Source: Dissertation Abstracts International, Volume: 71-12, Section: A, page: .

Thesis (Ph.D.)--University of Massachusetts Amherst, 2010.

Economists typically understand the firm as an organization comprised of a series of incomplete contracts among input suppliers (e.g. Coase, (1937), Williamson, (1985)). The ultimate right to make decisions that are not subject to a pre-existing contractual arrangement - hereafter referred to as decision-control rights, are assigned to some person or group associated with the enterprise. The entity with decision-control rights has the final say over how to organize essential firm operations that range from the determination of production techniques, to deciding how to monitor or compensate the firm's members. To the extent that firm members have competing interests or are asymmetrically affected by such decisions, those members with decision-control rights may be confronted with important normative issues regarding which firm objectives should be pursued. In my dissertation, I employ a behavioral economic perspective in order to examine how workplace governance practices interact with both the level of satisfaction and motivation of workers.

ISBN: 9781124320168Subjects--Topical Terms:

1017424
Economics, General.

Essays on behavioral labor economics.
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100 1 $a Mellizo, Philip Pablo. $3 1672707
245 1 0 $a Essays on behavioral labor economics.
300 $a 184 p.
500 $a Source: Dissertation Abstracts International, Volume: 71-12, Section: A, page: .
500 $a Advisers: Peter Skott; Jeffrey P. Carpenter.
502 $a Thesis (Ph.D.)--University of Massachusetts Amherst, 2010.
520 $a Economists typically understand the firm as an organization comprised of a series of incomplete contracts among input suppliers (e.g. Coase, (1937), Williamson, (1985)). The ultimate right to make decisions that are not subject to a pre-existing contractual arrangement - hereafter referred to as decision-control rights, are assigned to some person or group associated with the enterprise. The entity with decision-control rights has the final say over how to organize essential firm operations that range from the determination of production techniques, to deciding how to monitor or compensate the firm's members. To the extent that firm members have competing interests or are asymmetrically affected by such decisions, those members with decision-control rights may be confronted with important normative issues regarding which firm objectives should be pursued. In my dissertation, I employ a behavioral economic perspective in order to examine how workplace governance practices interact with both the level of satisfaction and motivation of workers.
520 $a In the first essay of the dissertation, I collected data from a real-effort experiment to compare changes in the performance of research participants that were subjected to an identical set of wage incentives that were either implemented (1) endogenously by the group to which subjects belong through a simple majority vote, (2) endogenously by only one member of the group who had all decision-control rights, or (3) a random process completely exogenous to the group. The 3 (3 distinct decision-control rights regimes) X 2 (2 distinct incentive contracts) between-subjects design allows for a clean comparison of performance under different decision-control rights treatments. I report evidence suggesting that the decision-control rights arrangement used to select the compensation contract can significantly influence the subsequent level of performance of research subjects.
520 $a The second essay (co-authored with Michael Carr), analyzes the relative effects of voice, autonomy, and wages in explaining job satisfaction using subjective evaluations of work conditions and satisfaction recorded in the 2004 wave of the Workplace Employment Relations Survey (WERS). We show that the amount of autonomy and voice that a worker has over the firm is an important omitted variable, biasing the estimated coefficient on the wage upwards. And, conditional upon having a job, voice and autonomy are considerably more important determinants of job satisfaction than the wage.
520 $a The final essay offers a critique of the traditional economics of work organization in consideration of the literature developed in behavioral and experimental economics. I argue that many models of worker motivation developed using the rational choice model (RCM) carry the cost of ignoring common sentiments and behaviors that have been systematically demonstrated in experimental studies. After providing an extensive review of the experimental economics literature as it may inform various workplace organizational faculties, I conclude that the literature suggests that establishment of work teams and incentive schemes that reward teams for collective success would carry the expectation of sustained satisfaction and productivity of workers more than firm environments that rely on employee competition as a motivational device.
590 $a School code: 0118.
650 4 $a Economics, General. $3 1017424
650 4 $a Economics, Labor. $3 1019135
690 $a 0501
690 $a 0510
710 2 $a University of Massachusetts Amherst. $b Economics. $3 1672708
773 0 $t Dissertation Abstracts International $g 71-12A.
790 1 0 $a Skott, Peter, $e advisor
790 1 0 $a Carpenter, Jeffrey P., $e advisor
790 1 0 $a Matthews, Peter H. $e committee member
790 1 0 $a Spraggon, John M. $e committee member
790 1 0 $a Ash, Michael $e committee member
790 $a 0118
791 $a Ph.D.
792 $a 2010
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3427557