We derive testable implications of model in which first best allocations are not achieved because of a moral hazard problem with hidden saving. We show that in this environment agents typically achieve more insurance than that obtained under autarchy via saving, and that consumption allocation...

The academic profession is an occupation in which pay has fallen dramatically, resulting in the setting up of a Committee of Inquiry to examine both pay relativities and mechanisms for pay determination. This paper considers salary determination and the gender salary gap in the academic labour...

This paper examines the hypothesis that the gender salary gap observed in the academic labour market is predominantly explained by the differing average characteristics of male and female academics and barriers to female promotion. Preliminary analysis reveals that the crowding of women into the...