Under American or Dutch law, employees who leave the firm earlier than expected do not have to compensate the employer for lost profits in most cases. This conflicts with the general view in law and economics scholarship that the expectation measure is the superior remedy. We argue that the...

The paper addresses the topic of an overall long-term productivity slowdown in labor productivity for a panel of 25 developed countries. Besides studying individual long-term trends of single countries using filtering techniques we also test for multiple structural breakpoints in the long-term...