status. With the help of a moral hazard framework with limited liability we show that for agents with lower outside option … increased status leads to lower incentive pay whereas exactly the opposite happens for agents with higher outside option. For … agents with very high status such that the limited liability doesn’t bind, an exogenous increase in status level leads to an …

This paper aims to provide a survey on the studies on incentive, especially non-monetary incentive like status. We … intend to summarize the different studies in a concise manner and comment on the divergent views on valuation for status …, relation between monetary and status incentives, the technique of modeling status and on the cost of introducing status. We …