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    Heigh Ho, Heigh Ho: The Way We (Would Like to) Work Now


    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 (Unpublished)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:

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