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Labor market flexibility and job security measures in a global economy : new challenges ahead (الإنجليزية)

The stability of employment relations is an endogenous variable in labor contracts. Employers and workers often find it in their economic interest to negotiate job security along with wages and other benefits as part of the labor contract. When these negotiation take place in a market setting, the outcomes promise social welfare gains. In many industrialized and developing countries, however, governments intervene in markets to mandate job security...
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