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  1. Multi-rater performance evaluations and incentives
    Author: Ockenfels, Axel; Sliwka, Dirk; Werner, Peter
    Published: February 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
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    We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and running a laboratory experiment. The model predicts that multi-rater evaluations are more precise than single-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms this prediction and finds evidence that this can indeed be attributed to accurate information processing in the group. Moreover, when employee compensation depends on evaluations, multi-rater evaluations tend to be associated with higher performance.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/295835
    Series: Discussion paper series / IZA ; no. 16812
    Subjects: performance appraisal; calibration panels; group decisionmaking; real effort; incentives
    Scope: 1 Online-Ressource (circa 26 Seiten), Illustrationen
  2. Economic and political governance in Germany's social market economy
    Author: Siebert, Horst
    Published: 2004
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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