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Economics/Finances Law and Employment: Lessons from Latin America and the Caribbean

Posted on 2010-03-16




Name:Economics/Finances Law and Employment: Lessons from Latin America and the Caribbean
ASIN/ISBN:0226322823
Language:English
File size:1.85 Mb
Publisher: University Of Chicago Press
ISBN: 0226322823
Publish Date: edition 2004
File Type: PDF
Pages: 475 pages
File Size: 1,85 mb
   Economics/Finances Law and Employment: Lessons from Latin America and the Caribbean

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Law and Employment: Lessons from Latin America and the Caribbean

Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers.

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