Bruno S Frey & Margit Osterloh | Variable pay-for-performance is a folly

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Bruno S Frey & Margit Osterloh on VoxEU.org | Variable pay-for-performance is a folly

Scientific literature has extensively dealt with variable pay-for-performance. Despite the fact that serious problems linked to this approach have thus become obvious, many authors continue to support compensation according to predetermined performance criteria because they are committed to the traditional concept of the ’homo oeconomicus’. Overall, there has been a marked change of opinion in academia (see for instance Bryson and Freeman 2008 on this site). The idea that people are solely self-interested and materially orientated has been thrown overboard by leading scholars.

 

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