The quality of the legal system and labor market performance around the world
Reference:
Feldmann, H., 2009. The quality of the legal system and labor market performance around the world. European Journal of Law and Economics, 28 (1), pp. 39-65.
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Official URL:
http://dx.doi.org/10.1007/s10657-008-9092-4
Abstract
Using data on 75 countries for six years in the period 1995-2003, 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.
Details
| Item Type | Articles |
| Creators | Feldmann, H. |
| DOI | 10.1007/s10657-008-9092-4 |
| Uncontrolled Keywords | rule of law, unemployment, legal system, employment |
| Departments | Faculty of Humanities & Social Sciences > Social & Policy Sciences Faculty of Humanities & Social Sciences > Economics |
| Refereed | Yes |
| Status | Published |
| ID Code | 14750 |
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