Cooperative credit banks: some fundamental institutional features

Abstract

The aim of this paper is to analyze individual preferences in relation to different job characteristics. This is an important issue in the light of the huge literature in labor economics and human resource management about the impact of monetary and nonmonetary incentives on understanding workers’ performance and well-being. More specifically, this work considers the case of employees in cooperative credit banks located in Campania; the research is carried out applying a conjoint analysis approach on stated preference data. Novel features of the analysis include the application of this approach to empirical research on worker incentives, particularly in the cooperative sector; and the utilization of a mixed logit model to allow for heterogeneous individual tastes.