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The quality of the legal system and labor market performance around the world

Listed author(s):
  • Horst Feldmann

    ()

Using data on 75 countries for six years in the period 1995 to 2003, this paper analyzes empirically whether and to what extent the quality of the legal system affects the performance of the labor market. According to the regression results, a legal system characterized by a dependent judiciary, biased courts, a lack of intellectual property protection and a lack of integrity increases unemployment and lowers the employment level. The magnitude of the effect seems to be substantial, particularly among young people.

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File URL: http://hdl.handle.net/10.1007/s10657-008-9092-4
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Article provided by Springer in its journal European Journal of Law and Economics.

Volume (Year): 28 (2009)
Issue (Month): 1 (August)
Pages: 39-65

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Handle: RePEc:kap:ejlwec:v:28:y:2009:i:1:p:39-65
DOI: 10.1007/s10657-008-9092-4
Contact details of provider: Web page: http://www.springer.com

Order Information: Web: http://www.springer.com/journal/10657

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