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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
CreatorsFeldmann, H.
DOI10.1007/s10657-008-9092-4
Uncontrolled Keywordsrule of law, unemployment, legal system, employment
DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
Faculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code14750

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