Download or read book Involuntary Terminations Under Explicit and Implicit Employment Contracts written by James L. Medoff and published by . This book was released on 1981 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates where and when last-in-first-out permanent layoff policies seem to go hand in hand with compensation policies under which the net value of senior workers appears to be less than that of their junior peers. The investigation relies upon both the approximately 260 usable responses to a survey we mailed out to a sample of U.S. firms and microdata from the computerized personnel files of a major U.S. corporation. Our findings for U.S. companies outside of agriculture and construction lead us to the following three conclusions: (1) For most employees, it appears that protection against job loss grows with seniority, although net value to the firm does not.(2) While a very sizeable percentage of nonunion workers may be covered by implicit employment contracts which give more protection against termination to those with more seniority, a much higher percentage of workers covered by collective bargaining agreements seem to enjoy such protection; and (3) The job protection afforded senior nonunion personnel, especially exempt employees, appears to be less strong than that provided to union members.
Download or read book Involuntary Terminations Under Explicit and Implicit Employment Contracts Classic Reprint written by James L. Medoff and published by Forgotten Books. This book was released on 2018-01-14 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Involuntary Terminations Under Explicit and Implicit Employment Contracts One would expect that an explicit or implicit contract with a pay provision like the one just discussed would also have a provision designed to protect workers from being cheated out of the return promised for the second half of their worklives. At least in the u.s., the most common type of provision providing this protection found in explicit (union) contracts ?h3 one which calls for layoffs in inverse seniority order.4 But what goes on in nonunion settings? How prevalent are implicit last - in-first-out termination policies? Are they as binding in all states of nature (that is, as strong as those which are found under unionism? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Implicit Contracts Incentive Compatibility and Involuntary Unemployment written by William Bentley MacLeod and published by Kingston, Ont. : Institute for Economic Research, Queen's University. This book was released on 1984 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monthly Labor Review written by and published by . This book was released on 1985 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
Download or read book The Legal and Economic Consequences of Wrongful Termination written by James N. Dertouzos and published by Rand Corporation. This book was released on 1988 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although there has been an uproar over wrongful termination litigation, the aggregate legal costs are not large, even compared with the number of involuntarily terminated employees who are not otherwise protected by collective bargaining agreements, civil service regulations, or explicit employment contracts. The direct costs may understate the effects of wrongful termination suits. The fear of such suits could prevent managers from being flexible in adjusting to business cycles, new investment opportunities, or evolving technologies. In response to wrongful termination suits, administrative costs may rise substantially. Costly procedural changes could be balanced by benefits stemming from more efficient utilization of human resources, making everyone better off.
Download or read book Collective Bargaining and the Public Interest written by David M. Winch and published by McGill-Queen's Press - MQUP. This book was released on 1989 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canadian opinions about labour unions have changed in recent years. The more frequent use of strikes to resolve disputes has contributed to a growing intolerance of unions, particularly in the public service. Canadians now seem to be more concerned about the increasing power of unions than about the power of big business or big government.
Download or read book Malfeasance in Long Term Employment Contracts written by Peter Joseph Kuhn and published by . This book was released on 1982 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that the structure of long-term employment contractsis influenced by the possibility that at least four different kinds of opportunistic behavior, or "malfeasance,"may occur in them. While the consequences of some of these problems have been examined in various papers,no single model has yet treated all four and thus brought out their essential symmetry. In particular, a certain kind of malfeasance by firms has apparently been universally overlooked-an oversight we try to remedy by developing a simple model here. Other advantages of the present model are that, unlike other models, it endogenizes the path of both sides of the contract -wages and effort -and has fairly intuitive first-order conditions. It also shows how earlier conclusions, such as the notion that wages are likely to rise faster than marginal products in equilibrium, are the results of less-than-general model specification, and has some interesting implications when applied to unionism: by proposing that unions act as workers'equivalent to certain contract enforcement policies like the disciplinary dismissals used by firms, it provides what is to the author's knowledge the only consistent theoretical explanation of the quite commonly observed U-shaped pattern of the union wage effect by age and shows how unions might play a positive efficiency role in this regard.
Download or read book Economic Models of Trade Unions written by P. Garonna and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the 1980s unions have lost about 5 million members in OECD countries. The proportion of unionized workers is increasing in the services, public sector and among women. Today, almost two out of five union members are employed in the public sector. Wide differences remain in the levels of unionization in diverse countries, while in the United States, France and Spain union members account now for little more than 10% of the labour force, in the Nordic countries (Sweden, Finland and Denmark) the corre'sponding figure is between 75 and 85%. In general, rates have been higher in Europe than in North America. Economic analysis is paying increasing attention to these developments and to their policy implications (Edwards, Caronna and Todling, OCDE 1991). Recent progress in economic theory has enabled some light to be cast on the determinants of unionism, on the other hand, efforts aimed at coming to grips with the economic reality of unions have significantly contributed to theoretical advancement by extending and modifying conventional microeconomic wisdom. The reader of this volume will judge whether the insight gained is sufficient, or - as a recent survey concluded ~ the problem has proved to be virtually intractable (Johnson, p. 24). These can be grouped under three headings, corresponding to the three parts of the volume, which will be illustrated in the Introduction.
Download or read book Removing Obstacles to Economic Growth written by Michael L. Wachter and published by University of Pennsylvania Press. This book was released on 2016-11-11 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unsatisfactory performance of the United States economy during the 1970s generated considerable debate over potential new directions for economic policy. This volume, the result of the second Wharton/Reliance Symposium held in May 1983, presents and analyzes a range of economic policy options. The focus of the volume is on potential policy remedies for the economic problems of slow real output and productivity growth. Given the range of issues covered and the alternative viewpoints presented, this collection does not search for an overall policy consensus. To focus on consensus would have required narrowing both the subject matter and the distinctive viewpoints that are presented here. The result is an open discussion of a set of existing and innovative policy options. Contributors include Henry A. Kissinger, former Secretary of State; Nobel Laureate Lawrence R. Klein, Lester C. Thurow, Professor of Economics and Management at Massachusetts Institute of Technology, Senator Alan Cranson; Alfred E. Kahn, Chairman of the Council on Wage and Price Stability under President Carter; William W. Winpisinger, International President of the International Association of Machinists and Aerospace Workers; and Justine Farr Rodriguez, Senior Economist with the U.S. Office of Management and Budget, among many others.
Download or read book Library Acquisitions List written by Martin P. Catherwood Library and published by . This book was released on 1981 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Internal Revenue Bulletin written by United States. Internal Revenue Service and published by . This book was released on 2008-11 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Employee Dismissal Law and Practice 6th Edition written by Perritt and published by Wolters Kluwer. This book was released on 2018-01-01 with total page 2320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether your case involves a public or private sector job, a downsizing, or termination for cause, Employee Dismissal: Law and Practice provides the guidance you need in this rapidly evolving area of employment law. Providing in depth analysis of the common law and statutory wrongful dismissal doctrines, as well as practical guidance on all aspects of employee dismissal litigation from complaints through jury instructions, Employee Dismissal: Law and Practice is an invaluable resource for evaluating and litigating a wrongful discharge case. Employee Dismissal: Law and Practice brings you up to date on the latest cases, statutes, and developments including: New cases on implied contract for Alaska, Colorado, and Montana New cases on public policy tort for Indiana, Iowa, Kansas, Maryland, Missouri, Montana, Ohio, South Carolina, Tennessee, and Washington New cases on implied covenant of good faith and fair dealing for Alaska, Massachusetts, and Montana Discussion of a new case on union fair representation A new case on special consideration requirement for oral promises New cases on what constitutes a breach of the implied covenant New cases on clarity element of public policy tort New cases on jeopardy element of public policy tort A new case explaining that a public policy tort liability for refusing to participate in illegal conduct does not require proof of a report to an outside agency A new case discussing what constitutes "improper" interference with contract New cases on what constitutes a constitutionally protected property interest New cases on preclusive effect of administrative agency determinations New cases on standards for punitive damages A new case on statutory whistleblower protection for internal complaints about fellow employees
Download or read book Employee Dismissal Law and Practice written by Henry H. Perritt (Jr.) and published by Wolters Kluwer. This book was released on 2006-01-01 with total page 2189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether your case involves a public or private sector job, a downsizing, or termination for cause, Employee Dismissal: Law and Practice provides the guidance you need in this rapidly evolving area of employment law. Providing in depth analysis of the common law and statutory wrongful dismissal doctrines, as well as practical guidance on all aspects of employee dismissal litigation from complaints through jury instructions, Employee Dismissal: Law and Practice is an invaluable resource for evaluating and litigating a wrongful discharge case. Employee Dismissal: Law and Practice brings you up to date on the latest cases, statutes, and developments including: New cases on implied contract for Alaska, Colorado, and Montana New cases on public policy tort for Indiana, Iowa, Kansas, Maryland, Missouri, Montana, Ohio, South Carolina, Tennessee, and Washington New cases on implied covenant of good faith and fair dealing for Alaska, Massachusetts, and Montana Discussion of a new case on union fair representation A new case on special consideration requirement for oral promises New cases on what constitutes a breach of the implied covenant New cases on clarity element of public policy tort New cases on jeopardy element of public policy tort A new case explaining that a public policy tort liability for refusing to participate in illegal conduct does not require proof of a report to an outside agency A new case discussing what constitutes andquot;improperandquot; interference with contract New cases on what constitutes a constitutionally protected property interest New cases on preclusive effect of administrative agency determinations New cases on standards for punitive damages A new case on statutory whistleblower protection for internal complaints about fellow employee
Download or read book Working Time written by Robert A. Hart and published by . This book was released on 1982 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation Capital Taxation and Monetary Policy written by Martin S. Feldstein and published by . This book was released on 1981 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the effects of the interaction between inflation and the taxation of capital income. The principal conclusions are: (1) Inflation substantially increases the total effective tax rate on the income from capital used in the nonfinancial corporate sector. The total effective tax rate has risen from less than 60 percent in the mid-1960's to more than 70 percent in the late 1970's. (2) The higher effective tax rate reduces the real net rate of return to those who provide investment capital. In the late 19701s, the real net rate of return averaged less than three percent. (3) The interact ion between inflation and existing tax rules contributed to the fall in the ratio of share prices to real pretax earnings, or, equivalently, to the rise in the real cost to the firm of equity capital. (4) By reducing the real net return to investors and by widening the gap between the firms' cost of funds and the maximum return that they can afford to pay, the interaction between tax rates and inflation has depressed the rate of net investment in business fixed capital. (5) The failure to consider correctly the effects of the fiscal structure has caused observers to underestimate the expansionary character of monetary policy in the past two decades. (6) The goal of increasing investment while maintaining price stability can be achieved with tight money, a high real interest rate, and tax incentives for investment. A high real net-of-tax interest rate could reduce residential investment and other forms of consumer spending while the tax incentives offset the monetary effect for investment in business capital.
Download or read book Tax reduction proposals written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1981 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Publications written by National Bureau of Economic Research and published by . This book was released on 1921 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
