We investigate the regulation of labor markets through employment laws, collective bargaining laws, and social security … generous social security systems. Socialist and French legal origin countries have sharply higher levels of labor regulation …. Heavier regulation of labor is associated with a larger unofficial economy, lower labor force participation, and higher …

labor saving, countries with more stringent labor regulation, which are binding for low skilled workers, become less …

somehow help solve the public goods problem inherent in workplace regulation. Second, the agent must be able to reduce the …

, and price and wage rigidities. Regulation affects producer entry costs, employment protection, and unemployment benefits …. We first characterize optimal monetary policy when regulation is high in both countries and show that the Ramsey …

economy are tested. Capture Theory de-emphasizes the role of institutional settings of the kind at work here: The outcomes of … before the Department of Commerce, this study finds more support for Capture Theory than for the New Institutionalism. An …

This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We …

labor markets, even though regulation generates lower employment and income. Empirically, we do find that individuals who … for labor market regulation. Both results suggest that labor market regulations have deep cultural roots …