We use a static framework characterized by both moral hazard and holdup problems. In the model the optimal allocation of bargaining power balances these frictions. We examine the impact of improved monitoring on that optimal allocation and its impact upon effort, investment, profits and rents....

We compare the effect of legal and institutional competition for the design of labor institutions in an environment characterized by holdup problems in human and physical capital. We compare autarky with the two country case, assuming that capital is perfectly mobile and labor immobile. We...

Examines the changing face of work and retirement as economies face the prospect of ageining workforces. Reviews the status of policymaking concerned with age and employment and how it needs to be adapted to the changing circumstances and characteristics of individuals and societies...

Fiscal / financial sustainability of LTC systems; Quality of LTC services, home care arrangements; Encouraging informal care and formal LTC jobs...