000 00807pab a2200157 454500
008 180718b2005 xxu||||| |||| 00| 0 eng d
100 _aD'Souza, Errol
245 _aAre retrenchment laws inefficient?
260 _c2005
300 _ap.939-44.
362 _aOct-Dec
520 _aIt is argued that anti-retrenchment laws end up hurting the workers they were designed to project because firms decrease their demand for labour in anticipation of surplus labour during downturns. If free contracting between workers and firms is allowed we show in an efficiency wage set up that both firms and workers can behave opportunisitically requiring third-party enforcement of employment protection legislation. - Reproduced.
650 _aLabour
773 _aIndian Journal of Labour Economics
909 _a68915
999 _c68915
_d68915