pay for premature dismissal can discourage window dressing by managers trying to avoid dismissal. However, to be effective …, severance pay must increase with the contract's length. Fixed-term contracts that offer little severance pay if not extended … provide a balance between reducing the likelihood of window dressing and lowering dismissal costs. The predicted determinants …

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 …

Many authors have discussed a decline in internal labor markets and an apparent shift to a new employment contract … evidence on what employment contract employees currently feel is fair. We perfomed quasi-experimental surveys to study when …