Worked over and overworked -- Workplace hell -- The vise tights -- Downright Dickensian -- The rise and fall of the social contract -- Leaner and meaner -- Here today, gone tomorrow -- Wal-Mart, the low-wage colossus -- Taking the high road -- Overstressed and overstretched -- Outsourced and out...

Social contracts about inequality and redistribution are country-specific. We rely on a model of inequality and redistribution where multiple steady states can emerge in given country. We link the model to the recent literature on beliefs and argue that beliefs are a major determinant of which...