absences. Large firms, by contrast, were refunded only 70% of the wages paid to sick blue-collar workers. Using a difference …Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several … countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create …

show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …

This paper studies general equilibrium when workers in the economy are also consumers of final goods. Once a firm and a … changes minimum wage, the outside option for workers change through limited liability. In any equilibrium, the price responds … workers all remain exactly the same, and only the prices change as a result. …

Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings …. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that … the implicit assumption of deterministic contracts makes payments to third parties necessary. This paper studies …

his employer. This paper uses a principalagent model to study optimal incentive contracts for envious workers under … contractible. We discuss several applications of our theoretical work. For example, envy can explain why lower-level workers are …

to facilitateand/or be facilitated by insurance contracts. We consider how insuredlosses might be decomposed into …

hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are … concerned about fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful … why many contracts are left deliberately incomplete. …