The importance of relative performance feedback information: Evidence from a natural experiment using high school students

Journal of Public Economics

Volumn 94, Issue 7-8, 2010, Pages 435-452

  Azmat, Ghazala ^a,b   Iriberri, Nagore ^a,b  

^a DEPARTMENT OF ECONOMICS AND BUSINESS   (Spain)

^b BARCELONA GRADUATE SCHOOL OF ECONOMICS   (Spain)

Author keywords

Absolute performance; Competitive preferences; Feedback; Natural experiment; Relative performance; School performance; Self perception; Social comparison

Indexed keywords

EID: 77953691627     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jpubeco.2010.04.001     Document Type: Article

References (46)

1. Aoyagi, M., 2007. Information Feedback in a Dynamic Tournament. Mimeo.
2. Azmat, G., Iriberri, N., 2010. The Provision of Relative Performance Feedback Information and Happiness. Mimeo.
3. Bandiera, O., Larcinese, V., Rasul, I., 2008. Blissful Ignorance? Evidence from a Natural Experiment on the Effect of Individual Feedback on Performance. Mimeo.
4. Bandiera, O., Barankay, I., Rasul, I., 2009. Team incentives: Evidence from a Field Experiment. Mimeo.
5. Blanes i Vidal, J., Nossol, M., 2009. Tournaments without Prizes: Evidence from Personnel Records. Mimeo.
6. Bolton G., Ockenfels A. ERC: a theory of equity, reciprocity and competition. The American Economic Review 2000, 90(1):166-193.
7. Card D., Krueger A.B. Does school quality matter? Returns to education and the characteristics of public schools in the United States. Journal of Political Economy 1992, 100:1-40.
8. Casas-Arce P., Martinez-Jerez F. Relative performance compensation, contests, and dynamic incentives. Management Science 2009, 55:1306-1320.
9. Charness G., Rabin M. Understanding social preferences with simple tests. The Quarterly Journal of Economics 2002, 117(3):817-869.
10. Clark A.E., Oswald A.J. Satisfaction and comparison income. Journal of Public Economics 1996, 61(3):359-381.
11. Delfgaauw, J., Dur, R., Sol, J., Verbeke, W., 2009. Tournament Incentives in the field: Gender Differences in the Workplace. Mimeo.
12. Dubey P., Geanakoplos J. Grading exams: 100, 99, ..., 1 or A, B, C? Incentives in games of status. Cowles Foundation Discussion Paper No. 1467 2004, Yale University.
13. Dubey P., Geanakoplos J. Grading in games of status: marking exams and setting wages. Cowles Foundation Discussion Paper No. 1544 2005, Yale University.
14. Duesenberry J.S. Income, Saving and the Theory of Consumer Behaviour 1949, Harvard University Press, Cambridge.
15. Easterlin R.A. Does economic growth improve the human lot? Some empirical evidence. Nations and Households in Economic Growth 1974, P.A. David, M.W. Reder (Eds.).
16. Ederer F. Feedback and motivation in dynamic tournaments. Journal of Economics & Management Strategy 2010.
17. Eriksson T., Poulsen A., Villeval M. Feedback and incentives: experimental evidence. Labour Economics 2009, 16:679-688.
18. Ertac, S., 2006. Social Comparisons and Optimal Information Revelation: Theory and Experiments. Mimeo.
19. Falk A., Ichino A. Clean evidence on peer pressure. Journal of Labor Economics 2006, 24(1):39-57.
20. Fehr E., Ederer F. Deception and incentives: how dishonesty undermines effort provision. IZA Discussion Paper 3200 2007.
21. Fehr E., Schmidt K.M. A theory of fairness, competition, and cooperation. The Quarterly Journal of Economics 1999, 114:817-868.
22. Festinger L. A theory of social comparison processes. Human Relations 1954, 7:117-140.
23. Frank R.H. Interdependent preferences and the competitive wage structure. Rand Journal of Economics 1984, 15:510-520.
24. Frank R.H. Choosing the Right Pond: Human Behavior and the Quest for Status 1985, Oxford University Press.
25. Gershkov A., Perry M. Tournaments with midterm reviews. Games and Economic Behavior 2009, 66:162-190.
26. Hannan R.L., Krishnan R., Newman D. The effects of disseminating relative performance feedback in tournament versus individual performance compensation plans. The Accounting Review 2008, 83-4.
27. Hopkins E., Kornienko T. Running to keep the same place: consumer choice as a game of status. American Economic Review 2004, 94(4):1085-1107.
28. Hanushek E.A. Measuring investment in education. Journal of Economic Perspectives 1996, 10-4:9-30.
29. Hanushek E.A. The failure of input-based schooling policies. Economic Journal 2003, 113:F64-F98.
30. Kandel E., Lazear E.P. Peer pressure and partnerships. Journal of Political Economy 1992, 100(4):801-817.
31. Kuhnen, C.M., Tymula, A., 2008. Rank Expectations, Feedback and Social Hierarchies. Mimeo.
32. Kräkel M. Emotions in tournaments. Journal of Economic Behavior and Organization 2007, 67:204-214.
33. Krueger A.B. Experimental estimates of education production functions. Quarterly Journal of Economics 1999, 114:497-532.
34. Lai, E.K., Matros, A., 2007. Sequential Contests with Ability Revelation. Mimeo.
35. Layard R. Human satisfactions and public policy. Economic Journal 1980, 90:737-750.
36. Lizzeri A., Meyer M., Persico N. The incentive effects of interim performance evaluations. CARESS Working Paper 02-09 2002.
37. Locke E.A., Latham G.P. A Theory of Goal Setting and Task Performance 1990, Prentice Hall, Englewood Cliffs, NJ.
38. Mas A., Moretti E. Peers at work. American Economic Review 2009, 99(1):112-145.
39. Moldovanu B., Sela A., Shi X. Contests for status. Journal of Political Economy 2007, 115:338-363.
40. Müller, W., Schotter, A., 2003. Workaholics and Drop Outs in Optimal Organizations. Mimeo, New York University.
41. Niederle M., Yestrumskas A.H. Gender differences in seeking challenges: the role of institutions. Working Paper 2008, 13922. http://www.nber.org/papers/w13922.
42. Ok E.A., Kockesen L. Negatively interdependent preferences. Social Choice and Welfare 2000, 17:533-558.
43. Prendergast C. The provision of incentives in firms. Journal of Economic Literature 1999, 37(1):7-63.
44. Programme for International Student Assessment (PISA), OECD, 2006.
45. Handbook of Social Comparison: Theory and Research 2000, 271-293. Kluwer Academic /Plenum Publishers, New York. J. Suls, L. Wheeler (Eds.).
46. Young S.M., Fisher J., Lindquist T.M. The effect of intergroup competition and intragroup cooperation on slack and output in a manufacturing setting. The Accounting Review 1993, 68(3):466-483.