{"id":2229,"date":"2021-05-10T06:12:55","date_gmt":"2021-05-10T06:12:55","guid":{"rendered":"http:\/\/3.35.173.53\/?p=2229"},"modified":"2021-05-10T06:12:55","modified_gmt":"2021-05-10T06:12:55","slug":"akerlof-g-a-kranton-r-e-2005-identity-and-the-economics-of-organizations-journal-of-economic-perspectives-191-9-32","status":"publish","type":"post","link":"https:\/\/happyfinder.co.kr\/?p=2229","title":{"rendered":"Akerlof, G. A., &#038;Kranton, R. E. (2005). Identity and the Economics of Organizations. Journal of Economic perspectives, 19(1), 9-32."},"content":{"rendered":"<p>The economics of organizations is replete with the pitfalls of monetary rewards and punishments to motivate workers. If economic incentives do not work, what does? This paper proposes that workers&#8217; self-image as jobholders, coupled with their ideal as to how their job should be done, can be a major work incentive. It shows how such identities can flatten reward schedules, as they solve &#8220;principal-agent&#8221; problem. The paper also identifies and explores a new tradeoff: supervisors may provide information to principals, but create rifts within the workforce and reduce employees&#8217; intrinsic work incentives. We motivate the theory with examples from the classic sociology of military and civilian organizations. <\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><!--StartFragment--><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; mso-fareast-font-family: \ud568\ucd08\ub86c\ubc14\ud0d5; mso-font-width: 100%; mso-text-raise: 0pt;\">Akerlof, G. A., &amp;Kranton, R. E. (2005). Identity and the Economics of Organizations. <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; font-style: italic; mso-fareast-font-family: \ud568\ucd08\ub86c\ubc14\ud0d5; mso-font-width: 100%; mso-text-raise: 0pt;\">Journal of Economic perspectives, 19<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; mso-fareast-font-family: \ud568\ucd08\ub86c\ubc14\ud0d5; mso-font-width: 100%; mso-text-raise: 0pt;\">(1), 9-32. <\/span><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; mso-fareast-font-family: \ud568\ucd08\ub86c\ubc14\ud0d5; mso-font-width: 100%; mso-text-raise: 0pt;\">DOI: 10.1257\/0895330053147930<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economics of organizations is replete with the pitfalls of monetary rewards and punishments to motivate workers. If economic incentives do not work, what does? This paper proposes that workers&#8217; self-image as jobholders, coupled with their ideal as to how their job should be done, can be a major work incentive. It shows how such [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[28,15],"tags":[491],"_links":{"self":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/2229"}],"collection":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2229"}],"version-history":[{"count":1,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/2229\/revisions"}],"predecessor-version":[{"id":2230,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/2229\/revisions\/2230"}],"wp:attachment":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}