The Regulation of Labor
Bibliographic Data
| ID | 23333697 |
|---|---|
| Authors | Juan Carlos Botero (0000-0001-6253-7610, Yale University), Simeon Djankov (0000-0002-0822-6456, World Bank), R L Porta (Dartmouth College), Florencio López‐de‐silane (0000-0002-5204-5599, National Bureau of Economic Research), F Lopez-De-Silanes, Andrei Shleifer (National Bureau of Economic Research) |
| Year | 2004 |
| Volume | 119 |
| Issue | 4 |
| Pages | 1339-1382 |
| Publication date | 2004-11-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Quarterly Journal of Economics (JOURNAL) |
| Journal identifiers | ISSN: 0033-5533 • E-ISSN: 1531-4650 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1162/0033553042476215 |
| OpenAlex | W3022790766 |
| Language | EN |
| Citations received | 273 |
| References cited | 41 |
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.
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| Unique citing works | 273 |
|---|---|
| Citations per year | 12,41 |
| Citation span | 2004 - 2026 (23) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 251 |