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1 results

  • 12 - Nonwage Labor Markets

  • Yoram Barzel, University of Washington, Douglas W. Allen, Simon Fraser University, British Columbia
  • Book:
    Economic Analysis of Property Rights
    Published online:
    17 August 2023
    Print publication:
    31 August 2023, pp 219-231

  • Summary

    Throughout history, individual laborers have often not had freedoms of movement, effort, or work choice. Workers have worked under master/servant relations, indentured servitude, and even slavery. Within marriage, the doctrine of coverture made wives assume the legal identity of their husband. Such restrictions on individual freedoms affect the choices these indivduals make, and lead to various transaction costs. These costs help explain the organization and institutions surrounding nonfree labor.