Titelaufnahme

Titel
Self-confidence and reactions to subjective performance evaluations / Charles Bellemare (Université Laval, CRREP, IZA and CESifo), Alexander Sebald (University of Copenhagen, CEBI and CESifo) ; IZA Institute of Labor Economics
VerfasserBellemare, Charles ; Sebald, Alexander
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (38 Seiten) : Illustrationen, Diagramme
SerieDiscussion paper ; no. 12215
URNurn:nbn:de:hbz:5:2-184325 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Self-confidence and reactions to subjective performance evaluations [0.86 mb]
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Zusammenfassung (Englisch)

Subjective performance evaluations are commonly used to provide feedback and incentives to workers. However, such evaluations can generate significant disagreements and conflicts, the severity of which may be driven by many factors. In this paper we show that a workers' level of self-confidence plays a central role in shaping reactions to subjective evaluations - overconfident agents engage in costly punishment when they receive evaluations below their own, but provide limited rewards to principals when evaluations exceed their own. In contrast, underconfident agents do not significantly react to evaluations below their own, but reward significantly evaluations exceeding their own. Our analysis exploits data from a principal-agent experiment run with a large sample of the Danish working age population, varying the financial consequences associated with the evaluations workers receive. In contrast to existing economic models of reciprocal behavior, reactions to evaluations are weakly related to the financial consequences of the evaluations. These results point towards a behavioral model of reciprocity that intertwines the desire to protect self-perceptions with over-/underconfidence.