This volume examines new theoretical developments in labour
contracts and relates them to the actual content of such contracts,
and to differences in labour contracts which depend on the
specifics of the institutional environment in which they are
negotiated. This study is done from an international perspective,
by comparing differences in labour contracts among European
countries and between Europe, Japan and the US. The comparison
consists of a careful description of selected characteristics of
labour contracts and traits of the institutional environment and an
explanation of their national emergence. The novelty of the study
lies in the integrated approach of practical specification of
labour contracts and theoretical analysis based on economic
principles of efficiency. Existing contract theory in labour
economics is used and extended when necessary to explain the
occurrence of certain contract clauses, the division between legal
and private arrangements, the role and function of institutions in
the labour market and so on.
General
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