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We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) a contract that exempts employers from the …
Persistent link: https://www.econbiz.de/10014083937
regarding the effect of transactions costs upon employment relationship. We then explore the empirical implications of this …
Persistent link: https://www.econbiz.de/10013083747
This paper offers a contract-based theory to explain the determination of standard hours, overtime hours and overtime … premium pay. We expand on the wage contract literature that emphasises the role of firm-specific human capital and that … explores problems of contract efficiency in the face of information asymmetries between the firm and the worker. We first …
Persistent link: https://www.econbiz.de/10013324874
theory of contract. Finally, the empirical literature on employment and labor law is reviewed. I conclude that many aspects … of employment law are consistent with the economic theory of contract - namely, that contracts are written and enforced …This chapter reviews the literature on employment and labor law. The goal of the review is to understand why every …
Persistent link: https://www.econbiz.de/10013132281
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10013074589
Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...
Persistent link: https://www.econbiz.de/10013157029
Following insights by Bewley (1999a), this paper analyses a model with downward rigidities in which firms cannot pay discriminate based on a year of entry to a firm, and develops an equilibrium model of wages and unemployment. We solve for the dynamics of wages and unemployment under conditions...
Persistent link: https://www.econbiz.de/10013157040
by their type of contract: permanent or fixed-term. Using a 21-year unbalanced Social Security records panel of over 76 … with policy implications relevant for Continental Europe and its dual structure of employment protection …
Persistent link: https://www.econbiz.de/10013157044
case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such … is that dismissal costs depend not only on whether the dismissal is deemed fair or unfair, but also on the nature …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …
Persistent link: https://www.econbiz.de/10013079741
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand...
Persistent link: https://www.econbiz.de/10014083969