Employment regulations through the eyes of employers - do they matter and how do firms respond to them?
Abstract
The authors present evidence on how employers perceive labor regulations and react when these are perceived to constrain the operation of their firm. They draw from harmonized surveys of (up to) 17,000 firms around the world and compare employers'responses with actual labor legislation. The authors find that employers'concerns about labor regulations are closely matched by the relative stringency of de jure labor laws. Countries that have, from an international perspective, tight labor regulations tend to have higher proportions of employers reporting these regulations as severe constraints. But not all firms are affected in the same way by onerous labor regulations. Medium sized firms are those whose business and prospects for growth are most negatively affected. Similarly, innovating firms are disproportionally affected by tight labor regulations. There is also clear evidence in the data that firms facing tight regulations invest more in training and make greater use of temporary employment. Small firms mainly rely on temporary employment, while medium and large firms, as well as innovating firms, tend to rely more on on-the-job training if labor regulations make hiring and firing very costly.Download Info
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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3463.Length:
Date of creation: 01 Dec 2004
Date of revision:
Handle: RePEc:wbk:wbrwps:3463
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Keywords: Health Monitoring&Evaluation; Environmental Economics&Policies; Public Health Promotion; Labor Policies; Labor Management and Relations; Environmental Economics&Policies; Labor Management and Relations; Health Monitoring&Evaluation; Labor Standards; Banks&Banking Reform;Other versions of this item:
- Pierre, Gaëlle & Scarpetta, Stefano, 2004. "Employment Regulations through the Eyes of Employers: Do They Matter and How Do Firms Respond to Them?," IZA Discussion Papers 1424, Institute for the Study of Labor (IZA).
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J65 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment Insurance; Severance Pay; Plant Closings
- K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-02 (All new papers)
- NEP-REG-2005-01-02 (Regulation)
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