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The paper develops an account of anomalous behavior in work at the intersection of cognition and experimental economics. The anomalies are choices which conflict with both agents' self-interest and also with any plausible other-regarding interests. I review three examples, and provide evidence...
Persistent link: https://www.econbiz.de/10005703923
Job security legislation in most countries causes firing costs to rise with job duration. I analyze a 1999 British policy change that lowered from two to one year the tenure necessary for a worker to be able to sue their employer for unfair dismissal. Empirical results show a 29% decrease in the...
Persistent link: https://www.econbiz.de/10005703936
In the UK, dismissed workers can sue their ex-employers for unfair dismissal. This paper investigates whether judges deciding on such cases are sensitive to economic conditions faced by firms and workers. In bad times, getting fired is more costly for workers, while at the same time firms find...
Persistent link: https://www.econbiz.de/10005764062