The Cost of Job Security Regulation: Evidence from Latin American Labor Markets
39 Pages Posted: 19 Jul 2000 Last revised: 18 Oct 2010
Date Written: June 2000
This paper documents the high level of job security protection in Latin American labor markets and analyzes its impact on employment. We show that job security policies have substantial impact on the level and the distribution of employment in Latin America. They reduce employment and promote inequality. The institutional organization of the labor market affects both employment and inequality.
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