Kündigungsschutz aus institutionenökonomischer Perspektive / Employment Protection in an Institutional Perspective

Schellhaaß Horst M. and Nolte Ansgar
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Schellhaaß Horst M.: Staatswissenschaftliches Seminar der Universität zu Köln, Albertus-Magnus-Platz, D-50923 Köln
Nolte Ansgar: Staatswissenschaftliches Seminar der Universität zu Köln, Albertus-Magnus-Platz, D-50923 Köln

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 1999, vol. 218, issue 3-4, 415-432

Abstract: Using the analytical tools of New Institutional Economics it can be shown that efficient employment protection should be differentiated according to the amount and kind of the worker’s investment in human capital. Hence, employment protection serves different purposes in different cases. A worker with firm-specific qualifications has to be protected from opportunistic behaviour by the employer, whereas employment protection for generally qualified workers serves as a means of restraining competition through equally qualified outsiders. Due to informational disadvantages of labor jurisdiction, legal employment protection should be partially substituted by implicit contracts on employment protection.

Keywords: Employment protection; institutional economics; centralized vs. decentralized regulation; human capital theory; private vs. court ordering; Kündigungsschutz; Institutionenökonomie; zentrale vs. dezentrale Regulierung; Humankapitaltheorie; private vs. gerichtliche Konfliktlösung; Employment protection; institutional economics; centralized vs. decentralized regulation; human capital theory; private vs. court ordering (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:218:y:1999:i:3-4:p:415-432

DOI: 10.1515/jbnst-1999-3-410

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