By applying Markovian analysis to Italian labor market transition matrices we verify whether higher education increases the likelihood of young workers moving from non-standard to standard wage contracts. As we find evidence for the so-called stepping stone hypothesis, we expect graduates to be...

The law stabilizes transactional relations by protecting the implicit expectations of the parties to contracts by various techniques including the imposition of mandatory and supplementary rules. The established pattern in the contract of employment of the protection of expectations of...

Under American or Dutch law, employees who leave the firm earlier than expected do not have to compensate the employer for lost profits in most cases. This conflicts with the general view in law and economics scholarship that the expectation measure is the superior remedy. We argue that the...

When firms recruit new graduates, the employer has expectations regarding the contribution a new employee will make to the organisation. These expectations, for both employee and employer, may involve matters such as the duties to be performed within the position, the skills and knowledge to be...