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The cost of job security regulation: evidence from Latin American labor markets

Author

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  • Heckman, James
  • Pagés-serra, Carmen

Abstract

This paper documents the high level of job security protection in Latin American labor markets and analyzes its impacts on employment. The authors show that job security policies have a substantial impact on the level and the distribution of employment in Latin America. These policies reduce employment and promote inequality. The institutional organization of the labor market affects both employment and inequality.
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Suggested Citation

  • Heckman, James & Pagés-serra, Carmen, 2000. "The cost of job security regulation: evidence from Latin American labor markets," LSE Research Online Documents on Economics 123060, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:123060
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    File URL: https://researchonline.lse.ac.uk/id/eprint/123060/
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    More about this item

    JEL classification:

    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J88 - Labor and Demographic Economics - - Labor Standards - - - Public Policy
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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