Regulation of the employment contract is both wide spread and diverse. The diversity of regulation is surprising because it suggests that there is little consensus regarding optimal intervention into the labor market. This paper discusses several economic reasons why it may be efficient for...

This paper examines the effects of various labor market institutions on the welfare of workers and employers. We consider self-enforcing contracts between risk-averse workers and risk-neutral employers in a labor market with search frictions. Employers promise to smooth out shocks to wages while...

In the aftermath of the 2016 election, labor leaders and their political allies pushed for an immediate end to the so-called employment "contractualization", a policy proposal currently popular with voters and politicians. The idea is for the government to tighten and reduce, if not prohibit,...