The Contribution of Labour Law to Economic Development & Growth

Simon Deakin

Working Papers from Centre for Business Research, University of Cambridge

Abstract: A review of theoretical, historical and quantitative empirical research on the economic effects of labour laws suggests that worker-protective labour regulation generates net positive outcomes for development and growth. Labour law should be seen as a developmental institution which has a symbiotic relationship to the rise of capitalism in the global north and is part of the transition to a market economy being experienced by today's low- and middle-income countries. Claims made for the desuetude of labour law's core mechanisms, including the standard employment relationship, are not borne about by recent evidence. The complex role played by labour regulation in the dynamics of capitalism would repay further investigation.

Keywords: Labour law; development; growth; inequality; leximetrics (search for similar items in EconPapers)
JEL-codes: J41 J83 K31 O43 (search for similar items in EconPapers)
Date: 2016-03
New Economics Papers: this item is included in nep-his, nep-law and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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