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Three Solitudes In Contract: Law, Data, And Theory

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  • W. Bentley MacLeod

Abstract

This note discusses and contrasts the different perspectives that the law, empirical labor economics and contract theory bring to the study of the employment relationship. Understanding the reasons for these different perspectives should give rise to a better understanding of the employment relationship and more effective labor market policy.

Suggested Citation

  • W. Bentley MacLeod, 2007. "Three Solitudes In Contract: Law, Data, And Theory," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(5), pages 606-616, November.
    • Handle: RePEc:bla:scotjp:v:54:y:2007:i:5:p:606-616
    DOI: 10.1111/j.1467-9485.2007.00432.x
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    References listed on IDEAS

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    1. Thomas Lemieux & W. Bentley MacLeod & Daniel Parent, 2009. "Performance Pay and Wage Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(1), pages 1-49.
    2. Milhaupt, Curtis J. & Pistor, Katharina, 2008. "Law & Capitalism," University of Chicago Press Economics Books, University of Chicago Press, number 9780226525273, October.
    3. Gary S. Becker, 1975. "Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, Second Edition," NBER Books, National Bureau of Economic Research, Inc, number beck75-1, July.
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    Cited by:

    1. Jonathan P. Thomas & Tim Worrall, 2007. "Limited Commitment Models Of The Labour Market," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(5), pages 750-773, November.

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