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How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations

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  • Alzate,David
  • Eliana Carranza
  • Duran-Franch,Joana
  • Truman G. Packard
  • Celina Proffen

Abstract

This paper provides an extensive review of the literatures on product and labor market regulations and their effects on labor market outcomes. It uncovers the interdependence of these two types of regulations, an area that has received limited attention in research. The paper highlights why understanding the intricate relationship between product and labor market regulations is crucial for effective policy making and advancement of labor market conditions. The findings strongly discourage adopting uniform policies and advocate for tailored approaches to labor market promotion.

Suggested Citation

  • Alzate,David & Eliana Carranza & Duran-Franch,Joana & Truman G. Packard & Celina Proffen, 2024. "How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations," Policy Research Working Paper Series 10961, The World Bank.
    • Handle: RePEc:wbk:wbrwps:10961
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    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J8 - Labor and Demographic Economics - - Labor Standards
    • K2 - Law and Economics - - Regulation and Business Law
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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