Are strikes going out of fashion or are they an inevitable feature of working life? This is a longstanding debate. The much-proclaimed 'withering away of the strike' in the 1950s was quickly overturned by the 'resurgence of class conflict' in the late 1960s and 1970s. The period since then has...

Economists have concerns about the firing cost implications of mandated severance plans. Analysis reveals that predicted severance plan consequences depend critically on the precise structure of the plan. Whether governments mandate (i) severance insurance plans or (ii) severance savings plans...