This important book plays a vital role in bridging the gap between labour economics, law and economics and the legal profession. Beginning with a general overview of the relationship between labour law and economic theory, it then goes on to examine specific areas within the field of law and economics including:the new law and economic theories on contract formation, with a case study from the Dutch systempenalty default rules as applied to Israeli labour law dismissal regulation in the UK and US from a comparative perspectiveovertime hours in the US and severance pay in Germanythe European Works Councilan historical and economic analysis of the German co-determined corporation.

This important book plays a vital role in bridging the gap between labour economics, law and economics and the legal profession. Beginning with a general overview of the relationship between labour law and economic theory, it then goes on to examine specific areas within the field of law and economics including:the new law and economic theories on contract formation, with a case study from the Dutch systempenalty default rules as applied to Israeli labour law dismissal regulation in the UK and US from a comparative perspectiveovertime hours in the US and severance pay in Germanythe European Works Councilan historical and economic analysis of the German co-determined corporation.