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Labour Market Regulation: Some Comparative Lessons

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  • W. S. Siebert

Abstract

Labour market regulation that undermines freedom of contract leads to fewer, higher productivity jobs with employment being across a narrower range of ages. More people are excluded from the labour market, in highly regulated countries and they remain unemployed for longer. This seems to be damaging to welfare. It is possible that the extent of regulation is explained by the relative ability of those who gain from regulation (those in work) to influence the outcome of political processes to a greater extent than those who lose (the unemployed). However, the legal framework and legal traditions may also play a part.

Suggested Citation

  • W. S. Siebert, 2005. "Labour Market Regulation: Some Comparative Lessons," Economic Affairs, Wiley Blackwell, vol. 25(3), pages 3-10, September.
    • Handle: RePEc:bla:ecaffa:v:25:y:2005:i:3:p:3-10
    DOI: 10.1111/j.1468-0270.2005.00560.x
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    References listed on IDEAS

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    1. Stanley Siebert, 2003. "Notes on labour market flexibility: questions for the new economy," Chapters, in: Roger Sugden & Rita Hartung Cheng & G. Richard Meadows (ed.), Urban and Regional Prosperity in a Globalised New Economy, chapter 5, Edward Elgar Publishing.
    2. David Card & Richard B. Freeman, 2004. "What Have Two Decades of British Economic Reform Delivered?," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980–2000, pages 9-62, National Bureau of Economic Research, Inc.
    3. Bazen, Stephen, 2000. "The Impact of the Regulation of Low Wages on Inequality and Labour-Market Adjustment: A Comparative Analysis," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 16(1), pages 57-69, Spring.
    4. Frey, Bruno S & Stutzer, Alois, 2000. "Happiness, Economy and Institutions," Economic Journal, Royal Economic Society, vol. 110(466), pages 918-938, October.
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    Cited by:

    1. Piotr Zientara, 2007. "How Trade Unions Are A Roadblock To Poland'S Economic Renaissance," Economic Affairs, Wiley Blackwell, vol. 27(1), pages 44-51, March.
    2. Lewkowicz Jacek & Lewczuk Anna, 2017. "An Institutional Approach to Trade Union Density. The Case of Legal Origins and Political Ideology," Central European Economic Journal, Sciendo, vol. 2(49), pages 35-49, December.
    3. Piotr Zientara, 2006. "Employment Protection Legislation And The Growth Of The Service Sector In The European Union," Economic Affairs, Wiley Blackwell, vol. 26(4), pages 46-52, December.
    4. Zientara, Piotr, 2008. "The employment of older workers in Poland: Issues and policy implications," IEA Discussion Papers 19, Institute of Economic Affairs (IEA).
    5. Piotr Zientara, 2008. "Employment Of Older Workers In Poland: Issues And Policy Implications," Economic Affairs, Wiley Blackwell, vol. 28(4), pages 62-67, December.
    6. Heywood, John S. & Siebert, W. Stanley, 2009. "Understanding the Labour Market for Older Workers: A Survey," IZA Discussion Papers 4033, IZA Network @ LISER.
    7. J. Shackleton, 2007. "Britain’s Labor Market Under the Blair Governments," Journal of Labor Research, Springer, vol. 28(3), pages 454-476, July.
    8. Heywood, John S. & Siebert, W. Stanley, 2008. "Understanding the labour market for older workers," IEA Discussion Papers 23, Institute of Economic Affairs (IEA).
    9. Roland Verwiebe & Christoph Reinprecht & Raimund Haindorfer & Laura Wiesboeck, 2017. "How to Succeed in a Transnational Labor Market: Job Search and Wages among Hungarian, Slovak, and Czech Commuters in Austria," International Migration Review, Wiley Blackwell, vol. 51(1), pages 251-286, March.

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