The Cost of Job Security Regulation: Evidence from Latin American Labor Markets

44 Pages Posted: 21 Apr 2011

See all articles by Carmen Pages

Carmen Pages

Inter-American Development Bank (IADB); IZA Institute of Labor Economics

James J. Heckman

University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute)

Multiple version iconThere are 2 versions of this paper

Date Written: August 2000

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.

Suggested Citation

Pages-Serra, Carmen and Heckman, James J., The Cost of Job Security Regulation: Evidence from Latin American Labor Markets (August 2000). IDB Working Paper No. 361. Available at SSRN: https://ssrn.com/abstract=1817230 or http://dx.doi.org/10.2139/ssrn.1817230

Carmen Pages-Serra (Contact Author)

Inter-American Development Bank (IADB) ( email )

1300 New York Avenue, NW
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IZA Institute of Labor Economics

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Germany

James J. Heckman

University of Chicago - Department of Economics ( email )

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Chicago, IL 60637
United States
773-702-0634 (Phone)
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National Bureau of Economic Research (NBER)

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American Bar Foundation

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Institute for the Study of Labor (IZA)

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Germany

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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