compensation. In the optimal contract, flows become more sensitive to performance when the manager faces stronger incentives from … the compensation contract. With learning, the manager's incentives become stronger after good performance, so that a … weaker for managers with longer tenure. I consider an optimal incentive contract for money managers, and I provide an …

benefit from her work effort by acquiring own-company shares. This gives insight into aspects of optimal contract design. Our …

We study optimal portfolio choice and labour market participation in a continuous time setting in which agents face …, providing tools to measure retirement incentives as a function of relevant state variables and health cover arrangements. A …