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Beliefs about the determinants of success and employment protection

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  • Kyriacou, Andreas P.

Abstract

We show that part of the international variation in employment laws is due to different beliefs about the impact of hard work as opposed to luck and connections on success. In societies where a greater proportion of people relate their life prospects to chance and connections, stronger employment protection is in place. The prevalence of such beliefs is likely to hamper labor market reforms.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 116 (2012)
Issue (Month): 1 ()
Pages: 31-33

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Handle: RePEc:eee:ecolet:v:116:y:2012:i:1:p:31-33

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Employment protection; Beliefs; Reverse causality; Instrumental variables;

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