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

Heckman, James J.; Pages, Carmen

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

NBER Working Paper No. w7773

39 Pages Posted: 19 Jul 2000 Last revised: 29 Sep 2022

See all articles by James J. Heckman

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)

Carmen Pages

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

There are 2 versions of this paper

Date Written: June 2000

Abstract

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.

Suggested Citation: Suggested Citation

Heckman, James J. and Pages-Serra, Carmen, The Cost of Job Security Regulation: Evidence from Latin American Labor Markets (June 2000). NBER Working Paper No. w7773, Available at SSRN: https://ssrn.com/abstract=235729