This study investigates institutional and economic reasons for downward wage rigidity regarding three occupational skill groups. Based on a survey of 801 firms in Germany and an econometric analysis, we find strong support for explanations based on the effects of labour union contracts and...

This chapter reviews the literature on employment and labor law. The goal of the review is to understand why every jurisdiction in the world has extensive employment law, particularly employment protection law, while most economic analysis of the law suggests that less employment protection...

This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a major determinant of the cross-country variation in the rigidity of employment...

This article explores the influence of the pension system on corporate governance, which has so far received little attention in the corporate law literature. While the shareholder-centric view of corporate governance is strong today, this is a relatively recent development. “Managerial...

Italian Abstract: La tecnologia consente scambi di beni e servizi un tempo impensabili in termini di tempi e costi. Questa possibilità nuova (la vera New economy) richiede, per il lavoro necessario alla sua realizzazione, una nuova declinazione, legata più al versante dello scambio che a...

The traditional system of labour relations primarily involves the employer and the employee with the status and relationship of the parties clearly known to each other. However, it is now a trend in employment relationship to have a third party in the relationship and this has made employment...

We estimate the effects on firm salary, return on assets, and efficiency of wrongful discharge protections adopted by U.S. state courts during 1980-1990. By examining the data of approximately 17,500 commercial banks, we find evidence that all three wrongful discharge doctrines - the public...

Why should floors be set under wages and working conditions by labour market regulations? This paper finds that efficiency arguments are questionable, because of the disemployment effects of strict regulation. Regulation is better explained in terms of the choices of the employed semi- and...

This paper offers an eclectic survey of the political economy of labor regulation in the United States at federal and state levels along the dimensions of occupational health and safety, unjust dismissal, right-to-work, workplace safety and workers' compensation, living wages, and prevailing...

This study investigates institutional and economic reasons for downward wage rigidity regarding three occupational skill groups. Based on a survey of 801 firms in Germany and an econometric analysis, we find strong support for explanations based on the effects of labour union contracts and...