the information available to workers, it is shown that wages are less flexible than needed for efficient employment levels …

govern the termination of the employment contract. To explore this issue, the paper first outlines some general approaches to …This paper examines the impact of English and Australian unfair dismissal legislation on the common law rules which … dismissal laws and the common law in the UK and Australia. This is followed by a consideration of the objectives of unfair …

This paper develops a theoretical framework for analyzing contracting imperfections in long-term employment … relationships. We focus chiefly on limited enforceability and limited worker liquidity. Inefficient severance of employment … relationships, payment of efficiency wages, the relative response of wages and employment to business cycle shocks, and the …