Great expectations: Law, employment contracts, and labor market performance

Handbook of Labor Economics

Volumn 4, Issue PART B, 2011, Pages 1591-1696

  MacLeod, W Bentley ^a  

^a Department of Economics ^*  (United States)

Author keywords

Employment contract; Employment contract Law and economics; Employment law; Labor law

Indexed keywords

EID: 79953124559     PISSN: 15734463     EISSN: None     Source Type: Book Series    
DOI: 10.1016/S0169-7218(11)02416-6     Document Type: Book

References (251)

1. Abowd J.M. The effect of wage bargains on the stock-market value of the firm. American Economic Review 1989, 79:774-800.
2. Acemoglu D., Pischke J.-S. Why do firms train? Theory and evidence. Quarterly Journal of Economics 1998, 113:79-119.
3. Acemoglu D., Pischke J.-S. The structure of wages and investment in general training. Journal of Political Economy 1999, 107:539-572.
4. Acemoglu D., Shimer R. Efficient unemployment insurance. Journal of Political Economy 1999, 107:893-928.
5. Addison Teixeira, Grosso The effect of dismissals protection on employment: more on a vexed theme. Southern Economic Journal 2000, 67:105-122.
6. Aghion E.A. The unequal effects of liberalization: evidence from dismantling the license Raj in India. American Economic Review 2008, 98:1397-1412.
7. Aghion P., Dewatripont M., Rey P. Renegotiation design with unverifiable information. Econometrica 1994, 62:257-282.
8. Aghion P., Hermalin B. Legal restrictions on private contracts can enhance efficiency. Journal of Law, Economics, and Organization 1990, 6:381-409.
9. Aghion P., Tirole J. Formal and real authority in organizations. Journal of Political Economy 1997, 105:1-29.
10. Ahsan, Pages Are all labor regulations equal? Evidence from Indian manufacturing. Journal of Comparative Economics 2009, 37:62-75.
11. Akerlof G.A. Labor exchange as partial gift exchange. Quarterly Journal of Economics 1982, 97:543-569.
12. Alchian A., Demsetz H. Production, information costs, and economic organization. American Economic Review 1972, 62:777-795.
13. Allen Unionized construction workers are more productive. Quarterly Journal of Economics 1984, 99:251-274.
14. Allen S.G. The effect of unionism on productivity in privately and publicly owned hospitals and nursing-homes. Journal of Labor Research 1986, 7:59-68.
15. Altonji J.G., Blank R.M. Race and gender in the labor market. Handbook of Labor Economics 1999, vol. 3C:3143-3260. North-Holland, Amsterdam.
16. Amin Labor regulation and employment in India's retail stores. Journal of Comparative Economics 2009, 37:47-61.
17. Andreoni, J., Sprenger, C., 2010a. Estimating time preferences from convex budgets. Tech. Rep. University of California, San Diego.
18. Andreoni, J., Sprenger, C., 2010b. Risk preferences are not time preferences. Tech. Rep. University of California, San Diego.
19. Angrist J.D., Imbens G.W., Rubin D.B. Identification of causal effects using instrumental variables. Journal of the American Statistical Association 1996, 91:444-455.
20. Aoki M. Towards a Comparative Institutional Analysis 2001, MIT Press, Cambridge, MA.
21. Arrow K.J. An extension of the basic welfare theorems of classical welfare economics. Proceedings of the Second Berkeley Symposium on Mathematical Statistics and Probability 1951, 507-532. University of California Press, Berkeley, California. J. Neyman (Ed.).
22. Ashenfelter O., Johnson G.E. Bargaining theory, trade unions, and industrial strike activity. American Economic Review 1969, 59:35-49.
23. Autor D.H. Why do temporary help firms provide free general skills training?. Quarterly Journal of Economics 2001, 116:1409-1448.
24. Autor D.H. Outsourcing at will: the contribution of unjust dismissal doctrine to the growth of employment outsourcing. Journal of Labor Economics 2003, 21:1-42.
25. Autor D.H., Donohue J.J., Schwab S.J. The employment consequences of wrongful-discharge laws: large, small, or none at all?. American Economic Review 2004, 94:440-446.
26. Autor D.H., Donohue J.J., Schwab S.J. The costs of wrongful-discharge laws. Forthcoming Review of Economics and Statistcs 2006, 88:211-231.
27. Autor D.H., Kerr W.R., Kugler A.D. Does employment protection reduce productivity? Evidence from US States. The Economic Journal 2007, 117:F189-F213.
28. Azariadis C. Implicit contracts and underemployment equilibria. Journal of Political Economy 1975, 83:1183-1202.
29. Baily M.N. Wages and employment under uncertain demand. Review of Economic Studies 1974, 41:37-50.
30. Baker T. Insurance Law and Policy 2003, Aspen Publishers.
31. Beaudry P., DiNardo J. The effect of implicit contracts on the movement of wages over the business cycle: evidence from micro data. Journal of Political Economy 1991, 99:665-688.
32. Becker, Olson The effects of the NLRA on stockholder wealth in the 1930s. Industrial & Labor Relations Review 1990, 44:116-129.
33. Becker, Olson Unions and firm profits. Industrial Relations 1992, 31:395-416.
34. Becker G. Investment in human capital: a theoretical analysis. Journal of Political Economy 1962, 70:9-49.
35. Bemmels B. How unions affect productivity in manufacturing plant. Industrial & Labor Relations Review 1987, 40:241-253.
36. Bentolila S., Bertola G. Firing costs and labour demand: how bad is eurosclerosis?. Review of Economic Studies 1990, 57:381-402.
37. Bertrand M., Duflo E., Mullainathan S. How much should we trust differences-in-differences estimates?. Quarterly Journal of Economics 2004, 119:249-275.
38. Besley T., Burgess R. Can labor regulation hinder economic performance? Evidence from India. Quarterly Journal of Economics 2004, 119:91-134.
39. Bewley T.F. Why Wages don't Fall during a Recession 1999, Harvard University Press, Cambridge and London.
40. Bird R.C., Knopf J.D. Do wrongful-discharge laws impair firm performance?. Journal of Law & Economics 2009, 52:197-222.
41. Black S.E., Lynch L.M. How to compete: the impact of workplace practices and information technology on productivity. Review of Economics and Statistics 2001, 83:434-445.
42. Blanchard, Wolfers The role of shocks and institutions in the rise of European unemployment: the aggregate evidence. Economic Journal 2000, 119:1339-1382.
43. Blanchard O.J., Tirole J. The joint design of unemployment insurance and employment protection: a first pass. Journal of the European Economic Association 2008, 6:45-77.
44. Blank R.M. Public sector growth and labor market flexibility: the United States vs. the United Kingdom. Social Protection Versus Economic Flexibiolity: Is there a Trade-off? 1994, University of Chicago Press.
45. Blanpain R. European Labour Law 2003, Kluwer Law International, The Hague, Boston. 9th and rev. ed.
46. Blau F., Kahn L. Institutions and laws in the labor market. Handbook of Labor Economics 1999, vol. 3A:1399-1461. North-Holland, Amsterdam.
47. Blinder A.S., Choi D.H. A shred of evidence on theories of wage stickiness. Quarterly Journal of Economics 1990, 105:1003-1015.
48. Bloch, M., 1961. Feudal Society, Routledge & Kegan Paul.
49. Bloom Nicholas, Van Reenen John Human resource management and productivity. Handbook of Labor Economics 2011, vol. 4b:1697-1767. Elsevier.
50. Bolton P., Dewatripont M. Contract Theory 2005, MIT Press, Cambridge, MA.
51. Botero J.C., Djankov S., La Porta R., Lopez-de Silanes F., Shleifer A. The regulation of labor. Quarterly Journal of Economics 2004, 119:1339-1382.
52. Breiman L. Statistical modeling: the two cultures. Statistical Science 2001, 16:199-215.
53. Breyer S. Economic reasoning and judicial review. Economic Journal 2009, 119:F135-F215.
54. Bronars S., Deere D. Unionization and profitability - evidence of spillover effects. Journal of Political Economy 1994, 102:1281-1287.
55. Bronars S.G., Deere D.R. Union representation elections and firm profitability. Industrial Relations 1990, 29:15-37.
56. Brown C., Medoff J.L. Trade unions in the production process. Journal of Political Economy 1978, 86:355-378.
57. Burguet R., Caminal R. Does the market provide sufficient employment protection?. Labour Economics 2008, 15:406-422.
58. Byrne D., Dezhbakhsh H., King R. Unions and police productivity: an econometric investigation. Industrial Relations 1996, 35:566-584.
59. Caballero, R.J., Cowan, K.N., Engel, E.M., Micco, A., 2004. Effective Labor Regulation and Microeconomic Flexibility. NBER Working Paper No. 10744.
60. Cahuc P., Postel-Vinay F., Robin J. Wage bargaining with on-the-job search: theory and evidence. Econometrica 2006, 74:323-364.
61. Card D. Efficient contracts with costly adjustment: short-run employment determination for airline mechanics. American Economic Review 1986, 76:1045-1071.
62. Card D., Hyslop D. Does inflation 'grease the wheels of the labor market'?. Reducing Inflation: Motivation and Strategy 1997, University of Chicago Press, Chicago, IL. C.D. Romer, D.H. Romer (Eds.).
63. Card, D., Devicienti, F., Maida, A., 2010. Rent-sharing, holdup, and wages: evidence from matched panel data. NBER Working Paper 16192.
64. Carmichael H.L., MacLeod W.B. Caring about sunk costs: a behavioral solution to hold-up problems with small stakes. Journal of Law, Economics and Organization 2003, 19:106-118.
65. Chakravarty S., MacLeod W.B. Contracting in the shadow of the law. Rand Journal of Economics 2009, 40:533-557.
66. Chay K.Y. The impact of federal civil rights policy on black economic progress: evidence from the equal employment opportunity act of 1972. Industrial and Labor Relations Review 1998, 51:608-632.
67. Che Y.-K., Hausch D.B. Cooperative investments and the value of contracting. American Economic Review 1999, 89:125-147.
68. Chiappori P.-A., Salanié B., Valentin J. Early starters versus late beginners. Journal of Political Economy 1999, 107:731-760.
69. Clark K.B. The impact of unionization on productivity - a case-study. Industrial & Labor Relations Review 1980, 33:451-469.
70. Clark K.B. Unionization and productivity - micro-econometric evidence. Quarterly Journal of Economics 1980, 95:613-639.
71. Clark K.B. Unionization and firm performance - the impact on profits, growth, and productivity. American Economic Review 1984, 74:893-919.
72. Coase R. The nature of the firm. Economica 1937, 4:386-405.
73. Cochrane J.H. A simple test of consumption insurance. The Journal of Political Economy 1991, 99:957-976.
74. Cooke W.N. Employee participation programs, group-based incentives, company performance - a union-nonunion comparison. Industrial & Labor Relations Review 1994, 47:594-609.
75. Cousineau J.-M., Lacroix R., Bilodeau D. The determination of escalator clauses in collective agreements. Review of Economics and Statistics 1983, 65:196-202.
76. Crawford V.P. A theory of disagreement in bargaining. Econometrica 1982, 50:607-637.
77. Crawford V.P. Long-term relationships governed by short-term contracts. The American Economic Review 1988, 78(3):485-499.
78. de Barros P., Corseuil The impact of regulations on Brazilian labor market performance. Law and Employment: Lessons from Latin America and the Caribbean 2004, The University of Chicago Press.
79. Debreu G. Theory of Value 1959, Yale University Press, New Haven, CT.
80. Dessein W. Authority and communication in organizations. Review of Economic Studies 2002, 69:811-838.
81. Di Tella R., MacCulloch R. The consequences of labor market flexibility: panel evidence based on survey data. European Economic Review 2005, 49:1225-1259.
82. Diamond P.A., Maskin E. An equilibrium analysis of search and breach of contract, I: steady states. Bell Journal of Economics 1979, 10:282-316.
83. DiNardo J., Lee D.S. Economic impacts of new unionization on private sector employers: 1984-2001. Quarterly Journal of Economics 2004, 119:1383-1441.
84. Djankov S., Hart O., McLiesh C., Shleifer A. Debt enforcement around the world. Journal of Political Economy 2008, 116:1105-1150.
85. Djankov S., La Porta R., Lopez-de Silanes F., Shleifer A. Courts. Quarterly Journal of Economics 2003, 118:453-517.
86. Djankov S., Ramalho R. Employment laws in developing countries. Journal of Comparative Economics 2009, 37:3-13.
87. Doucouliagos C., Laroche P. What do Unions do to productivity? A meta-analysis. Industrial Relations 2003, 42:650-691.
88. Doucouliagos H., Laroche P. Unions and profits: a meta-regression analysis. Industrial Relations 2009, 48:146-184.
89. Downes E.A. Labor market regulation and employment in the Caribbean. Law and Employment: Lessons from Latin America and the Caribbean 2004, The University of Chicago Press.
90. Dunford B.B., Devin D.J. Employment at-will and employee discharge: a justive perspective on legal action following termination. Personnel Psychology 1998, 51:903-934.
91. Dye R.A. Optimal length of labor contracts. International Economic Review 1985, 26:251-270.
92. Eberts R., Stone J.A. Teacher unions and the productivity of public schools. Industrial & Labor Relations Review 1987, 40:354-363.
93. Eberts R.W. Teachers unions and student performance: help or hindrance?. Future of Children 2007, 17:175-200.
94. Ehrenberg R.G., Sherman D., Schwartz J. Unions and productivity in the public sector: a study of municipal libraries. Industrial & Labor Relations Review 1983, 36:199-213.
95. Ehrlich I., Posner R.A. An economic analysis of legal rulemaking. The Journal of Legal Studies 1974, 3:257-286.
96. Elmeskov Martin S. Key lessons for labour market reforms: evidence from OECD countries' experience. Swedish Economic Policy Review 1998, 5.
97. Epstein R.A. In defense of the contract at will. The University of Chicago Law Review 1984, 51:947-982.
98. Eslava E.A. The effects of structural reforms on productivity- and profitability-enhancing reallocation: evidence from Colombia. Journal of Development Economics 2004, 75:333-371.
99. Farber H.S., Western B. Accounting for the decline of unions in the private sector, 1973-98. Journal of Labor Research 2001, 22:459-485.
100. Feess E., Muehlheusser G. Economic consequences of transfer fee regulations in European football. European Journal of Law and Economics 2002, 13:221-237.
101. Fehr E., Schmidt K.M. A theory of fairness, competition, and cooperation. Quarterly Journal of Economics 1999, 114:817-868.
102. Feinman J.M. The development of the employment at will rule. American Journal of Legal History 1978, 20:118-135.
103. Feldmann H. Business regulation and labor market performance around the world. Journal of Regulatory Economics 2008, 33:201-235.
104. Feldmann H. The unemployment effects of labor regulation around the world. Journal of Comparative Economics 2009, 37:76-90.
105. Fiess N.M., Fugazza M., Maloney W.F. Informal self-employment and macroeconomic fluctuations. Journal of Development Economics 2010, 91:211-226.
106. Freeman,, 2002. Institutional Differences and Economic Performance Among OECD Countries. CEP Discussion Papers.
107. Freeman R.D., Medoff J.L. What do Unions do? 1984, Basic Books, New York, NY.
108. Friedman M. Capitalism and Freedom 1962, University of Chicago Press, Chicago, with the assistance of Rose D. Friedman. 23 cm.
109. Fuchs, W., 2006. Contracting with repeated moral hazard and private evaluations. Tech. Rep. University of Chicago, Chicago.
110. Fuller L.L., Perdue William R. The reliance interest in contract damages: 1. The Yale Law Journal 1936, 46:52-96.
111. Garibaldi, M., 1999. Deconstructing job creation. IMF Working Paper No. 99/109.
112. Gibbons R. Piece rate incentive schemes. Journal of Labor Economics 1987, 5:413-429.
113. Gibbons R. Incentives and careers in organizations. Advances in Economics and Econometrics: Theory and Applications 1997, 1-37. Cambridge University Press, Cambridge, UK. D.M. Kreps, K.F. Wallis (Eds.).
114. Gibbons R., Katz L.F. Layoffs and lemons. Journal of Labor Economics 1991, 9:351-380.
115. Gibbons R., Katz L.F., Lemieux T., Parent D. Comparative advantage, learning, and sectoral wage determination. Journal of Labor Economics 2005, 23:681-723.
116. Goetz C.J., Scott R.E. Enforcing promises: an examination of the basis of contract. Yale Law Journal 1980, 89:1261-1322.
117. Goldberg V.P. Regulation and administered contracts. Bell Journal of Economics 1976, 7:426-448.
118. Gould W.B. A Primer on American Labor Law 2004, MIT Press.
119. Greif A. Reputation and coalitions in medieval trade - evidence on the Maghribi traders. Journal of Economic History 1989, 49:857-882. times Cited: 79.
120. Grossman S.J., Hart O.D. Implicit contracts, moral hazard, unemployment. American Economic Review 1981, 71:301-307.
121. Grossman S.J., Hart O.D. The costs and benefits of ownership: a theory of vertical and lateral integration. Journal of Political Economy 1986, 94:691-719.
122. Grout P. Investment and wages in the absence of binding contracts: a Nash bargaining approach. Econometrica 1984, 52:449-460.
123. Grubb, Wells Employment regulation and patterns of work in EC countries. OECD Economic Studies 1993, 21.
124. Guerrieri V. Inefficient unemployment dynamics under asymmetric information. Journal of Political Economy 2008, 116:667-708.
125. Hall R.E., Lazear E.P. The excess sensitivity of layoffs and quits to demand. Journal of Labor Economics 1984, 2:233-257.
126. Hardin G. Tragedy of commons. Science 1968, 162:1243-1248.
127. Harris M., Holmström B. A theory of wage dynamics. Review of Economic Studies 1982, 49:315-333.
128. Harrison A., Scorse J. Multinationals and anti-sweatshop activism. American Economic Review 2010.
129. Hart O. On the optimality of equilibrium when the market structure is incomplete. Journal of Economics Theory 1975, 11:418-443.
130. Hart O.D. Firms, Contracts and Financial Structure 1995, Oxford University Press, Oxford, UK.
131. Hart O.D., Holmström B. The theory of contracts. Advances in Economic Theory: Fifth World Congress 1987, 71-155. Cambridge University Press, Cambridge, UK. T. Bewley (Ed.).
132. Hart O.D., Moore J. Incomplete contracts and renegotiation. Econometrica 1988, 56:755-785.
133. Hart, O.D., Moore, J., 2004. Agreeing now to agree later: contracts that rule out but do not rule in. Tech. Rep. 10397. NBER, Cambridge, MA.
134. Hashimoto M. Firm specific capital as a shared investment. American Economic Review 1981, 71:475-482.
135. Heckman J.J., Pagés C. The cost of job security regulation: evidence from Latin American labor markets. Economia 2000, 1:109-154.
136. Hirsch B.T. Union coverage and profitability among US firms. Review of Economics and Statistics 1991, 73:69-77.
137. Hirsch B.T., Connolly R. Do unions capture monopoly profits?. Industrial & Labor Relations Review 1987, 41:118-136.
138. Holland P.W. Statistics and causal inference. Journal of the American Statistical Association 1986, 81:945-960.
139. Holmes O.W. The Common Law 1881, Little, Brown, Boston, MA.
140. Hopenhayn H., Nicolini J. Optimal unemployment insurance. Journal of Political Economy 1997, 105:412-438.
141. Hopenhayn H., Rogerson R. Job turnover and policy evaluation: a general equilibrium analysis. Journal of Political Economy 1993, 101:915-938.
142. Howitt P. Looking inside the labor market: a review article. Journal of Economic Literature 2002, 40:125-138. tY - JOUR Accession Number: 0603937. Geographic Descriptors: US. Publication Type: Journal Article. Update Code: 200205.
143. Ichinowski C., Shaw K. Beyond incentive pay: insiders' estimates of the value of complementary human resource management practices. Journal of Economic Perspectives 2003, 17:155-180.
144. Imbens G.W., Lemieux T. Regression discontinuity designs: a guide to practice. Journal of Econometrics 2008, 142:615-635.
145. Imbens G.W., Wooldridge J.M. Recent developments in the econometrics of program evaluation. Journal of Economic Literature 2009, 47:5-86.
146. Jackson M.O. Mechanism theory. The Encyclopedia of Life Support Systems 2001.
147. Jensen M., Meckling W. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics 1976, 3:305-360.
148. Johnson S., McMillan J., Woodruff C. Courts and relational contracts. Journal of Law, Economics, and Organization 2002, 18:221-277.
149. Jolls C. Employment law. Handbook of Law and Economics 2007, vol. 2. Elsevier, Amsterdam, The Netherlands, (chapter 17).
150. Jolls, C., Prescott, J.J., 2004. Disaggregating employment protection: the case of disability discrimination. Tech. Rep. National Bureau of Economic Research, Cambridge, MA.
151. Joskow P.L. Price adjustment in long-term-contracts-the case of coal. Journal of Law & Economics 1988, 31:47-83.
152. Kahn L.M. Employment protection reforms, employment and the incidence of temporary jobs in Europe: 1996-2001. Labour Economics 2010, 17:1-15.
153. Kanemoto Y., MacLeod W.B. The ratchet effect and the market for second hand workers. Journal of Labor Economics 1992, 10:85-92.
154. Kaplan D. Job creation and labor reform in Latin America. Journal of Comparative Economics 2009, 37:91-105.
155. Kessler D.P., Rubinfeld D.L. Empirical study of the civil justice system. Handbook of Law and Economics 2007, vol. I. Elsevier B. V, Oxford, UK.
156. Kornhauser L., MacLeod W.B. Contracts between legal persons. Handbook of Organizational Economics 2010, Princeton University Press. R. Gibbons, J. Roberts (Eds.).
157. Krueger A., Mas A. Strikes, scabs, and tread separations: labor strife and the production of defective Bridgestone/Firestone tires. Journal of Political Economy 2004, 112:253-289.
158. Krueger A.B. The evolution of unjust-dismissal legislation in the United States. Industrial and Labor Relations Review 1991, 44:644-660.
159. Kugler A. The effect of job security regulations on labor market flexibility: evidence from the Colombian labor market reform. Law and Employment: Lessons from Latin American and the Caribbean 2004, The University of Chicago Press, Chicago. J.J. Heckman, C. Pags (Eds.).
160. Kugler A. Wage-shifting effects of severance payments savings accounts in Colombia. Journal of Public Economics 2005, 89:487-500.
161. Kugler A.D. The impact of firing costs on turnover and unemployment: evidence from the Colombian labour market reform. International Tax and Public Finance 1999, 6:389-410.
162. Kugler A.D. How do firing costs affect worker flows in a world with adverse selection?. Journal of Labor Economics 2004, 22:553-584.
163. Kuhn P. Mandatory notice. Journal of Labor Economics 1992, 10:117-137.
164. Kuhn P. Unions and the economy: what we know; what we should know. Canadian Journal of Economics-Revue Canadienne D'Economique 1998, 31:1033-1056.
165. Kuhn P., Robert J. Seniority and distribution in a 2-worker trade union. Quarterly Journal of Economics 1989, 104:485-505.
166. La Porta R., Lopez-de Silanes F., Shleifer A. The economic consequences of legal origins. Journal of Economics Literature 2008, 46:285-332.
167. Laffont J.-J., Maritmort D. The Theory of Incentives 2002, Princeton University Press, Pinceton, NJ.
168. Laing D. Involuntary layoffs in a model with asymmetric information concerning worker ability. Review of Economic Studies 1994, 61:375-392.
169. Lazear E.P. Job security provisions and employment. Quarterly Journal of Economics 1990, 105:699-726.
170. Lee, D.S., Lemieux, T., 2009. Regression discontinuity designs in economics. Tech. Rep. 14723. NBER, Cambridge, MA.
171. Lee, D.S., Mas, A., 2009. Long-run impacts of unions on firms: new evidence from financial markets, 1961-19991. Tech. Rep. 14709. Princeton University, Cambridge, MA.
172. Lee, D.S., McCrary, J., 2005. Crime, punishment, and myopia. Tech. Rep. 11491. NBER, Cambridge, MA.
173. Lemieux T., MacLeod W.B. Supply side hysteresis: the case of the Canadian unemployment insurance system. Journal of Public Economics 2000, 78:139-170.
174. Levin J. Relational incentive contacts. American Economic Review 2003, 93:835-857.
175. Levine D.I. Just-cause employment policies in the presence of worker adverse selection. Journal of Labor Economics 1991, 9:294-305.
176. Lovell, Sickles, Warren The effect of unionization on labor productivity: some additional evidence. Journal of Labor Research 1988, 9:55-63.
177. Lovenheim M.F. The effect of teachers' unions on education production: evidence from union election certifications in three midwestern states. Journal of Labor Economics 2009, 27:525-587.
178. Machin S. The productivity effects of unionization and firm size in British engineering firms. Economica 1991, 58:479-490.
179. Machin S. Union decline in Britain. British Journal of Industrial Relations 2000, 38:631-645.
180. MacLeod W.B. Optimal contracting with subjective evaluation. American Economic Review 2003, 93:216-240.
181. MacLeod W.B. Regulation or markets? The case of employment contracts. Cesifo Economic Studies 2005, 51:1-46.
182. MacLeod W.B. Reputations, relationships and contract enforcement. Journal of Economics Literature 2007, XLV:597-630.
183. MacLeod W.B. Three solitudes in contract: law, data, and theory. Scottish Journal of Political Economy 2007, 54:606-616.
184. MacLeod W.B., Malcomson J.M. Implicit contracts, incentive compatibility, and involuntary unemployment. Econometrica 1989, 57:447-480.
185. MacLeod W.B., Malcomson J.M. Investments, holdup, and the form of market contracts. American Economic Review 1993, 83:811-837.
186. MacLeod W.B., Nakavachara V. Legal default rules: the case of wrongful discharge laws. Economic Journal 2007, 117:F1-F62.
187. MacNeil I.R. The many futures of contracts. Southern California Law Review 1974, 47:691-816.
188. Marshall A. The Principles of Economics 1948, Macmillan, New York, NY.
189. Mas A. Pay, reference points, and police performance. Quarterly Journal of Economics 2006, 121:783-821.
190. Mas A. Labour unrest and the quality of production: evidence from the construction equipment resale market. Review of Economic Studies 2008, 75:229-258.
191. Matouschek N., Ramezzana P., Robert-Nicoud F. Labor market reforms, job instability, and the flexibility of the employment relationship. European Economic Review 2009, 53:19-36.
192. McDonald I.M., Solow R.M. Wage bargaining and employment. American Economic Review 1981, 71:896-908.
193. McLaughlin K. Rigid wages. Journal of Monetary Economics 1994, 34:383-414.
194. Miles T.J. Common law exceptions to employment at will and US labor markets. Journal of Law Economics & Organization 2000, 16:74-101.
195. Milgrom P. Employment contracts, influence actitivities, and efficient organizational design. Journal of Political Economy 1988, 96:42-60.
196. Mincer J. On-the-job training: cost, returns and some implications. Journal of Political Economy 1962, 70:50-79.
197. Mitchell M.W., Stone J.A. Union effects on productivity - evidence from western United States sawmills. Industrial & Labor Relations Review 1992, 46:135-145.
198. Mondino, Montoya The effects of labor market regulations on employment decisions by firms: empirical evidence for Argentina. Law and Employment: Lessons from Latin America and the Caribbean 2004, The University of Chicago Press.
199. Montenegro C.E., Pagés C. Who benefits from labor market regulations? Chile 1960-1998. Law and Employment: Lessons from Latin America and the Caribbean 2004, 401-434. The University of Chicago Press, Chicago, IL. J.J. Heckman, C. Pagés (Eds.).
200. Moore J., Repullo R. Subgame perfect implementation. Econometrica 1988, 56:1191-1220.
201. Moore J.H. Optimal labour contracts when workers have a variety of privately observed reservation wages. Review of Economic Studies 1985, 52:37-67.
202. Morriss A.P. Bad data, bad economics, and bad policy: time to fire wrongful discharge law. University of Texas Law Review 1995-1996, 74:1901.
203. Myerson R.B., Satterthwaite M.A. Efficient mechanisms for bilateral trading. Journal of Economic Theory 1983, 29:265-281.
204. Naidu, S., Yuchtman, N., 2009. How Green was my Valley? Coercive contract enforcement in 19th century industrial Britain. Tech. Rep. Havard University.
205. Nickell S. Unemployment and labor market rigidities: Europe versus North America. Journal of Economic Perspectives 1997, 11(3):55-74.
206. Nicoletti G., Scarpetta S., Lane P. Regulation, productivity and growth-OECD evidence. Economic Policy 2003.
207. OECD Employment Outlook 1993, OECD.
208. OECD The Jobs Study: Evidence and Explanations 1994, OECD, Paris, France.
209. OECD Employment Outlook 1996, OECD, Paris, France.
210. OECD Employment Outlook 1999, OECD, Paris, France.
211. OECD Employment Outlook 2003, OECD, Paris, France.
212. Ostrom E. Collective action and the evolution of social norms. Journal of Economic Perspectives 2000, 14:137-158.
213. Oyer P., Schaefer S. Litigation costs and returns to experience. American Economic Review 2002, 92:683-705.
214. Oyer P., Schaefer S. Personnel economics: hiring and incentives. Handbook of Labor Economics 2011, vol. 4b:1769-1823. Elsevier.
215. Pagés C., Montenegro C.E. Job security and the age-composition of employment: evidence from Chile. Estudios de Economia 2007, 34(2):109-139.
216. Pauly M.V. The economics of moral hazard. American Economics Review 1968, 58:531-537.
217. Peierls R.E. Wolfgang Ernst Pauli. 1900-1958. Biographical Memoirs of Fellows of the Royal Society 1960, 5:175-192.
218. Pissarides C.A. Employment protection. Labour Economics 2001, 8:131-159.
219. Posner R. How Judges Think 2008, Harvard University Press.
220. Posner R.A. Theories of economic regulation. The Bell Journal of Economics and Management Science 1974, 5:335-358. fLA 00058556 American Telephone and Telegraph Company Copyright 1970 American Telephone and Telegraph Company.
221. Posner R.A. Economic Analysis of Law 2003, Little, Brown and Company, Boston, USA. 6th ed.
222. Postel-Vinay F., Robin J. Equilibrium wage dispersion with worker and employer heterogeneity. Econometrica 2002, 70:2295-2350.
223. Pries M., Rogerson R. Hiring policies, labor market institutions, and labor market flows. Journal of Political Economy 2005, 113:811-839.
224. Rebitzer J.B., Taylor L.J. Extrinsic rewards and intrinsic motives: standard and behavioral approaches to agency and labor markets. Handbook of Labor Economics 2011, vol. 4a:701-772. Elsevier.
225. Rogerson R., Shimer R., Wright R. Search-theoretic models of the labor market: a survey. Journal of Economic Literature 2005, 43:959-988.
226. Rogerson W.P. Efficient reliance and damage measures for breach of contract. RAND Journal of Economics 1984, 15:39-53.
227. Rogerson W.P. Contractual solutions to the hold-up problem. Review of Economic Studies 1992, 59:777-793.
228. Rosen S. Implicit contracts: a survey. Journal of Economic Literature 1985, 23:1144-1175.
229. Rothstein M.A., Liebman L. Employment Law 2003, Thomson West, New York, NY.
230. Ruback R.S., Zimmerman M.B. Unionization and profitability: evidence from the capital market. Journal of Political Economy 1984, 92:1134-1157.
231. Saavedra J., Torero M. Labor market reforms and their impact on formal labor demand and job market turnover: the case of Peru. Law and Employment: Lessons from Latin America and the Caribbean 2004, The University of Chicago Press.
232. Salinger Tobin's q, unionization, and the concentration-profits relationship. The RAND Journal of Economics 1984, 15:159-170.
233. Samuelson P. Foundations of Economic Analysis 1947, Harvard University Press.
234. Scarpetta S. Assessing the role of labour market policies and institutional settings on unemployment: a cross-country study. OECD Economic Studies 1996.
235. Schwartz A., Scott R.E. Contract theory and the limits of contract law. The Yale Law Journal 2003, 113:541-619.
236. Shaked A., Sutton J. Involuntary unemployment as a perfect equilibrium in a bargaining model. Econometrica 1984, 52:1351-1364.
237. Shapiro C., Stiglitz J.E. Equilibrium unemployment as a worker discipline device. American Economic Review 1984, 74:433-444.
238. Shavell S. The design of contracts and remedies for breach. Quarterly Journal of Economics 1984, 99:121-148.
239. Simon H. Administrative Behavior 1957, The MacMillan Company, New York.
240. Simon H.A. A formal theory of the employment relationship. Econometrica 1951, 19:293-305.
241. Stahler N. Firing costs, severance payments, judicial mistakes and unemployment. Labour Economics 2008, 15:1162-1178.
242. Stephenson M.C. Legal realism for economists. Journal of Economic Perspectives 2009, 23:191-211.
243. Sullivan D., von Wachter T. Job displacement and mortality: an analysis using administrative data. Quarterly Journal Of Economics 2009, 124:1265-1306.
244. Tirole J. Incomplete contracts: where do we stand?. Econometrica 1999, 67:741-782.
245. Townsend R.M. Risk and insurance in village India. Econometrica 1994, 62:539-591.
246. von Wachter T. In the right place at the wrong time: the role of firms and luck in young workers' careers. American Economic Review 2007.
247. Voos, Mishel The union impact on profits: evidence from industry price-cost margin data. Journal of Labor Economics 1986, 4:105-133.
248. Williamson O.E. Markets and Hierarchies: Analysis and Antitrust Implications 1975, The Free Press, New York.
249. Williamson O.E. Comparative economic organization: the analysis of discrete structural alternatives. Administrative Science Quarterly 1991, 36:269-296.
250. Williamson O.E., Wachter M.L., Harris J.E. Understanding the employment relation: the analysis of idiosyncratic exchange. Bell Journal of Economics 1975, 6:250-278.
251. Wood H.G. A Treatise on the Law of Master and Servant 1877, J.D. Parsons, Albany, NY.