The Regulation of Labor

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The Regulation of Labor

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Title: The Regulation of Labor
Author: Botero, J. C.; Djankov, S.; Porta, R. L.; Lopez-de-Silanes, F.; Shleifer, Andrei

Note: Order does not necessarily reflect citation order of authors.

Citation: Botero, J. C., S. Djankov, R. L. Porta, F. Lopez-de-Silanes, and A. Shleifer. 2004. “The Regulation of Labor.” The Quarterly Journal of Economics 119 (4) (November 1): 1339–1382. doi:10.1162/0033553042476215.
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Abstract: We investigate the regulation of labor markets through employment, collective relations, and social security laws in 85 countries. We find that the political power of the left is associated with more stringent labor regulations and more generous social security systems, and that socialist, French, and Scandinavian legal origin countries have sharply higher levels of labor regulation than do common law countries. However, the effects of legal origins are larger, and explain more of the variation in regulations, than those of politics. Heavier regulation of labor is associated with lower labor force participation and higher unemployment, especially of the young. These results are most naturally consistent with legal theories, according to which countries have pervasive regulatory styles inherited from the transplantation of legal systems.
Published Version: doi:10.1162/0033553042476215
Other Sources: http://www.nber.org/papers/w9756
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:27867241
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