Chen, Been-Lon; Lai, Chih-Fang; Lu, Chia-Hui - Institute of Economics, Academia Sinica - 2011
The past 30 years have witnessed lower employment rates and lower hours worked per worker, and thus lower hours worked per person, in Europe relative to the US. European countries have more regulated labor market then the US. This paper envisages the role the labor market regulation plays on the...