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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. Working Paper. Bath, U. K.: Department of Economics, University of Bath. (Bath Economics Research Working Papers; 12/09)

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    Official URL:

    http://www.bath.ac.uk/economics/research/working-papers

    Abstract

    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.

    Details

    Item Type Reports/Papers (Working Paper)
    CreatorsFeldmann, H.
    Uncontrolled Keywordsunemployment, employment, rule of law, legal system
    DepartmentsFaculty of Humanities & Social Sciences > Economics
    Research CentresBath Economics Research
    RefereedNo
    StatusPublished
    ID Code15966

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