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This paper compares employment with spot trade of labor, formalizing arguments by Coase, Simon, and Williamson. With spot trade, an entrepreneur and a wealth-constrained worker bargain over different actions, and without agreement there is no trade. Employment is a relational contract that gives...
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In March of 2017, when we were blissfully ignorant of what was to come in that same month a few years later, an associate professor of political science named Robert Kelly was being interviewed on BBC from his home office in South Korea. About a minute into the interview, his four year old...
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One particularly significant piece of labour legislation in India is the Contract Labour (Regulation and Abolition) Act … referred to as 'contract' labour in India. This paper seeks to examine this Act and its implication for manufacturing … employment in India. While empirical evidence seems to indicate the presence of large number of 'contract' workers in the Indian …
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The 'unorganised' worker (neither unionised nor covered by a collective agreement) is the norm in Britain, especially in the private sector, which employs about 70% of employees. In 2003, union membership was down to 29.3%, and 18.2% in the private sector. Collective bargaining covers 72.2% of...
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