We consider a firm that is subject to employment protection laws that limit the firm's ability to fire labor. In particular, we suppose that though a firm which shuts down can fire all its workers, it may fire no fewer. Compared to a firm that is subject to no employment protection, a firm...

The hypothesis that employers have an interest in the hours worked by their employees suggests that hours and wages are systematically related. Since employer interest may constrain employee hours of work, individuals realize their preferences for hours through their choices of jobs. An...

The present paper formally models household labor supply decisions and establishes sufficient conditions established, such as the possibility of multiple equilibria in the labor market and how the announcement of a minimum wage policy can result in an overall lowering of wages and also give rise...