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In this paper, we argue that important labor market phenomena can be better understood if one takes (i) the inherent incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns among a substantial share of the population into...
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historical roots of the so-called 'standard employment contract' in Germany are investigated. We find that during the pre … elements of the standard employment contract are found in the employment contract of civil servants. -- Feudal system ; pre …-industrial ; allocation of work ; wage labor ; standard employment contract …
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