Devaro, Jed; Kurtulus, Fidan Ana - In: ILR Review 63 (2010) 4, pp. 641-661
The authors empirically test Prendergast's (2002) theory that incorporates the delegation of worker authority into the principal-agent model to explain the lack of consistent empirical support for a tradeoff between risk and incentives. Using data from the 1998 British WERS, the authors...