Extending the existing models of land and labor contracts, this study attempts to build a general model of long-term agrarian contracts. The model implies that, where tenancy is an available option, the fixed-wage permanent labor contract will not b e chosen. If it is chosen under institutional...

This volume, the fourth to result from a remarkably productive collaboration between the National Bureau of Economic Research and the Japan Center for Economic Research, presents a selection of thirteen high-caliber papers addressing issues in the employment practices, labor markets, and health,...