Kragl, Jenny; Schöttner, Anja - 2011
We analyze the effects of lower bounds on wages, e.g., minimum wages or liability limits, on job design within firms … agents whenever the agents' reservation utility is not too large. Under such a job design, the principal can tailor … distortion of effort across tasks or the non-execution of one task altogether. -- Job Design ; Moral Hazard ; Multitasking ; Wage …