The Network Economy and Models of the Employment Contract: Psychological, Economic and Legal
AbstractThe emergence of the so-called ¿network economy¿ and the development of project-basedwork pose a fundamental challenge to established methods of regulating the employmentrelationship. There appears to be an unsatisfied demand for its greater use, especially amongemployers, and it is argued that this may be blocked by the lack of suitable contractual forms,such as those that have underpinned the established open-ended employment relationship.Project-based work seeks to retain some of the open-ended flexibility of the standardemployment relationship in relation to its task content but not its duration. The paper arguesthe success of the standard employment relationship owes much to the articulation of itspsychological, economic/incentive, and legal aspects. As yet, this appears to be lacking formore transient forms of relationship.
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Bibliographic InfoPaper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0620.
Date of creation: Feb 2004
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Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP
Network economy; Labor Contracting; Labor Law; Labor-Management Relations;
Find related papers by JEL classification:
- M55 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Labor Contracting Devices
- K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-02 (All new papers)
- NEP-BEC-2005-01-02 (Business Economics)
- NEP-CBE-2005-01-02 (Cognitive & Behavioural Economics)
- NEP-LAW-2005-01-02 (Law & Economics)
- NEP-NET-2005-01-02 (Network Economics)
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