Labor market regulation and the legal system
When enacting labor market regulation governments face courts that interpret and implement the legal code. We show that the incentives for governments for labor market reform increase with the uncertainty that is involved in the implementation of legal codes through courts. Given that judges have more discretion in common as opposed to civil law systems more reform activity as a response to crises should be observed in the former system. This finding is backed by evidence from a panel of OECD countries.
Year of publication: |
2010
|
---|---|
Authors: | Hefeker, Carsten ; Neugart, Michael |
Published in: |
International Review of Law and Economics. - Elsevier, ISSN 0144-8188. - Vol. 30.2010, 3, p. 218-225
|
Publisher: |
Elsevier |
Keywords: | Labor market regulation Labor courts Uncertainty Unemployment |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Fiscal Transfers in a Monetary Union with Exit Option
Hefeker, Carsten, (2015)
-
The Influence of Central Bank Transparency on Labor Market Regulation
Hefeker, Carsten, (2014)
-
Policy Deviations, Uncertainty, and the European Court of Justice
Hefeker, Carsten, (2013)
- More ...