Factor prices may be constant but factor returns are not

Welfare effects of a distortion introduced in a ‘small’ region, country or industry are not limited to allocations within that domain. They may be large, and undiminishing, even though the area considered is very close to satisfying the idealized prerequisites for partial equilibrium analysis.     

Account-based retiree medical plans: what's good for your pension plan may be good for your retiree medical plan

Many of the same forces that caused employers to gravitate toward account-based pension plans are beginning to spark similar changes in retiree medical plans. As medical costs continue to escalate, account-based retiree medical plans offer a new way to manage company outlays, while preserving an important benefit for retirees.     

Warning: retention may be dangerous to your organization's health

In times of personnel shortages, we too often think we must avoid turnover at all costs. Yet some turnover is desirable and much needed. Retaining the wrong individuals can obstruct the very changes essential for our organizations' survival.     

In treating the problems of the elderly, there may be no place like home.

When it comes to long-term care for the elderly, the federal government has a one-track mind: it pays for nursing home care through the medicaid program but does little else. Now the government is thinking about taking steps to help the elderly cope outside of institutions.