The potentially adverse labor market effects of severance pay mandates are a continuingsource of policy concern. In a seminal study, Lazear (1990) found that contract avoidance ofseverance pay firing costs was theoretically simple – a bonding scheme would do – but thatempirically the labor...

This chapter reviews the literature on employment and labor law. The goal of the review is tounderstand why every jurisdiction in the world has extensive employment law, particularlyemployment protection law, while most economic analysis of the law suggests that lessemployment protection would...

The aim of this study is to evaluate employees’ productivity in relation to their contract status.This study uses (a) survey data collected among manufacturing sector firms, having morethan 15 employees, in Cameroon between April and May 2006 and (b) information issued bythe National Institute...

The transition to market in Slovenia created labor displacements that were on par or greater than thatexperienced in North America in the 1980s. A simple theoretical model suggests that factors which raisethe probability of layoff should also increase the probability of a quit, predictions that...