This paper describes the efficient allocation of consumption and work effort in an economy in which workers face idiosyncratic employment risk and considerations of moral hazard prevent full insurance
This paper studies the optimal wage structure of a firm with imperfect monitoring of worker effort. We find that when firms can commit to (implicit) long-term contracts, imperfect monitoring leads to
Philippinen: Erwerbsquote, Anteil Frauen: Für diesen Indikator stellen wir Daten für Philippinen von 1991 bis 2023 bereit. Der durchschnittliche Wert für Philippinen in diesem Zeitraum lag bei 38.63 P
New methodology approaches with a broad coverage of the biological effects are urgently needed to evaluate the safety of the universe of environmentally relevant chemicals. Here, we propose a tiered a