Reconciling economics and psychology on intrinsic motivation
AbstractThe paper analyzes how the debate on intrinsic motivation was imported from psychology into economics. The most important differences between the two disciplines are in the definition of intrinsic motivation and in the timing of the undermining effect of rewards. The economic framework of inter-temporal choices is proposed to reconcile the different empirical and theoretical results arising in the literature, and it is shown how rewards induce substitution and income effects depending on whether they are transitory or permanent. Furthermore, a distinction between input and output oriented intrinsic motivation is introduced.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42717.
Date of creation: Nov 2012
Date of revision:
intrinsic motivation; rewards; crowding out; undermining;
Find related papers by JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- Z1 - Other Special Topics - - Cultural Economics
- D90 - Microeconomics - - Intertemporal Choice - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-06 (All new papers)
- NEP-CBE-2012-12-06 (Cognitive & Behavioural Economics)
- NEP-HME-2012-12-06 (Heterodox Microeconomics)
- NEP-HPE-2012-12-06 (History & Philosophy of Economics)
- NEP-HRM-2012-12-06 (Human Capital & Human Resource Management)
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