Law and economics, and the labour market
A comprehensive research agenda
Bibliographic Data
| ID | 21586413 |
|---|---|
| Authors | Miguel Ángel Malo (0000-0002-1057-8397, Universidad de Salamanca, corresponding author) |
| Year | 2025 |
| Volume | 60 |
| Issue | 2 |
| Pages | 209-226 |
| Publication date | 2025-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Journal of Law and Economics (JOURNAL) |
| Journal identifiers | ISSN: 0929-1261 • E-ISSN: 1572-9990 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s10657-025-09856-w |
| OpenAlex | W4414850057 |
| Language | EN |
| References cited | 45 |
This article reviews the evolution of law and economics as applied to the study of labour law and labour market issues, as an introduction to the articles included in this special issue. This evolution can be divided into three main stages. Initially, the focus was on the negative effects of labour law on efficiency. This was followed by a stage devoted to examining the role of labour law in addressing market failures. The third stage is marked by the expansion of empirical analysis, driven by the development of causal inference techniques. Throughout this evolution, labour economics has been a key partner in this subfield, with a fruitful exchange of concepts. The result of this interaction between disciplines is a kind of comprehensive research agenda, where law and economics related to the labour market retain the typical characteristics of detailed and nuanced analyses of institutions, legal practice, and the enforcement of legal regulations. The articles in this special issue illustrate this comprehensive perspective. They cover labour tribunals, severance pay, and worker representation at the firm level
Choice of Law · Commercial law · Enforcement · Imperfect · Labour law · Public finance · Public law · Severance · Corporate Finance and Governance · Law, Economics, and Judicial Systems · Taxation and Compliance Studies
The Economic Theory of Public Enforcement of Law
The Problem of Externality
Job Security Provisions and Employment
The Regulation of Labor
Institutions, Institutional Change and Economic Performance
Dismissal regulation and hiring and dismissal decisions
Severance payments
Judges and court productivity
Minimum wage non-compliance
Judicial enforcement as a worker discipline device
Path Dependence
Labour Constitutions and Market Logics
Productivity, non-compliance and the minimum wage
Law and Finance
Uncertainty, Evolution, and Economic Theory
The Economic Consequences of Legal Origins
The Credibility Revolution in Empirical Economics
Institutional Economics and the Minimum Wage
| Citation velocity | historical |
|---|---|
| Highly cited | No |