Labor Law and Employment Regulation: Neoclassical and Institutional Perspectives

Selected Labor & Employment Law Updates

Court holds that warehouse employees who were not guaranteed fixed hours or schedules and could bid for regular jobs as they became available were not "casual employees" as defined by the collective bargaining agreement (CBA), and the employer thus was required to contribute to fund on their behalf Even if the employer treated the employees as casual employees, such practice could not contraven...

Neoclassical Models of Imperfectly Competitive Labor Markets

The scenario of perfect competition, as augmented by human capital theory, yields a large body of testable hypotheses concerning labor market outcomes. These hypotheses, overviewed in the first chapter of this volume, might all be understood as applications of three more fundamental implications of perfectly competitive equilibrium conditions: no unemployment or vacancies, the law of one wage, ...

On the Neoclassical Tradition in Labor Economics

In a recent article George Boyer and Robert Smith describe the development of the neoclassical tradition in labor economics. In this paper I reexamine this subject and provide an alternative account of the evolution of thought in the field. I argue Boyer and Smith incorrectly define both the institutional and neoclassical approaches to labor market analysis. The essence of institutional economi...

Testing the Neoclassical Model of Family Labor Supply and Fertility

The McElroy-Horney Nash-bargaining model of family demand behavior relaxes the restriction that nonearned income of husband and wife has the identical effect on family labor supply and commodity demands. This restriction of the neoclassical model offamily behavior is tested for the determination of husband and wife labor supply andfertility based on the 1981 Socioeconomic Survey of Thailand. Th...

Labor Law and Its Reform