If, as has been widely suggested, internal labor markets are declining and a new employment contract with reduced employer-employee commitment is emerging, the criteria by which employees judge layoffs as fair or unfair may be changing. This paper presents findings relevant to that question,...

This book explores this apparent change in the employment contract from a new perspective. Whereas earlier studies in this area focused on the rigidities in the quantity side of the employment relationship, e.g., changes in job tenure and rates of displacement, the authors focus on the price...

Many authors have discussed a decline in internal labor markets and an apparent shift to a new employment contract, characterized by less commitment between employer and employee and more portable skills. These discussions occur without much evidence on what employment contract employees...