The Many Futures of the Contract of Employment
AbstractThe contract of employment heads the list of those labour market institutions whose continued usefulness is called into question by what appear to be fundamental changes in the world of work. However, given the multiple tasks of classification, regulation and redistribution which it has historically been called on to perform, it is the durability of the contract of employment, rather than its supposed ineffectiveness, which requires explanation. From an evolutionary perspective, the employment contract is best understood as a governance mechanism which links together work organisation with labour supply in such a way as to make it possible to manage long-term economic risks. The paper sets out a number of possible futures for the employment contract as a mechanism for risk management, and identifies 'mutations' within the conceptual framework of employment law which suggest possible directions of change.
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Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp191.
Date of creation: Dec 2000
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Web page: http://www.cbr.cam.ac.uk/
employment contract; collective bargaining; welfare state;
Find related papers by JEL classification:
- J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
- K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
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