Bauernschuster, Stefan; Oechssler, Jörg; Duersch, Peter; … - Wirtschaftswissenschaftliche Fakultät, … - 2009
The question whether a minimum rate of sick pay should be mandated is much debated. We study the effects of this kind of intervention in an experimental labor market that is rich enough to allow for moral hazard, adverse selection, and crowding out of good intentions to occur. We find that...