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Working Group On Chapter 2 Of The Proposed Restatement Of Employment Law: Employment Contracts: Termination, William Corbett, Matthew W. Finkin, Lea Vander Velde, Stephen F. Befort Jan 2009

Working Group On Chapter 2 Of The Proposed Restatement Of Employment Law: Employment Contracts: Termination, William Corbett, Matthew W. Finkin, Lea Vander Velde, Stephen F. Befort

Journal Articles

No abstract provided.


Employer Reputation At Work, Samuel Estreicher Jan 2009

Employer Reputation At Work, Samuel Estreicher

Hofstra Labor & Employment Law Journal

Employer reputational costs - that is, the loss in value of the firm's reputational assets if the firm reneges on its promises to workers, both express and implied, - has played an important role in the economic literature of employment contracts, but this factor has itself generated little sustained analysis. Reputation is often offered as a late-appearing deus ex machina explaining why opportunistic behavior by employers even in internal labor markets is likely to be relatively unimportant. This standard explanation for the enforceability of implicit labor contracts in internal labor markets is problematic for at least three reasons. It assumes …


Sticky Expectations: Responses To Persistent Over-Optimism In Marriage, Employment Contracts, And Credit Card Use, Sean Hannon Williams Jan 2009

Sticky Expectations: Responses To Persistent Over-Optimism In Marriage, Employment Contracts, And Credit Card Use, Sean Hannon Williams

Notre Dame Law Review

Most people underestimate the likelihood that they will experience negative events and overestimate the likelihood that the law will protect them if those events occur. Many of these mispredictions are highly resistant to change even in the face of accurate and available information. This Article illustrates the consequences of these “sticky” expectations using examples from marriage, employment, and credit card regulation. In each of these areas, erroneous expectations create costs. The largest and most common cost is the failure to adequately self-insure against future negative events like divorce, job loss, or high debt. But proposals for correcting irrational expectations can …


Workplace Romance And The Economic Duress Of Love Contract Policies, Ian J. Silverbrand Jan 2009

Workplace Romance And The Economic Duress Of Love Contract Policies, Ian J. Silverbrand

Villanova Law Review

No abstract provided.