Pecchenino, Rowena A. and Byrne, Julie (2017) Heigh Ho, Heigh Ho: The Way We (Would Like to) Work Now. Working Paper. National University of Ireland Maynooth. (Unpublished)

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Abstract

While the nonstandard, flexible labour contract is nonstandard no more, our understanding of the actual strategic value to workers of flexibility as they experience it is still limited. In this paper we examine workers’ labour supply decision when choosing among alternative work arrangements ranging from permanent and pensionable to fixed-term, shift work, zero-hour, on-call to gigs. We then introduce the concept of real options and internal markets to analyze contract valuation from the workers’ perspective. Using case studies, we examine when working time flexibility can be characterized as providing valuable real call and put options and when desired inflexibility can be revealed via a functioning internal market for hours.

Item Type:	Monograph (Working Paper)
Additional Information:	Working Paper N282-17
Keywords:	alternative work arrangements; flexibility; gig economy; real options; standard labour contract;
Academic Unit:	Faculty of Social Sciences > Economics, Finance and Accounting
Item ID:	8949
Depositing User:	Ms Sandra Doherty
Date Deposited:	02 Nov 2017 16:57
Publisher:	National University of Ireland Maynooth
URI:
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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