We present a model in which efficient long-term employment relationships are sustained by wage adjustments prompted by productivity shocks and outside job offers. These wage adjustments occur only sporadically, due to the presence of renegotiation costs. The model is amenable to analytical...

"Work-life Balance, Employee Health and Wellbeing delves into the connections between occupational responsibilities and personal happiness. Comparing policy, organisational practice and individual experiences of employees' working lives, it provides practical advice for management and policy...