The Quality of the Legal System and Labor Market Performance around the World

Horst Feldmann

No 12/09, Department of Economics Working Papers from University of Bath, Department of Economics

Abstract: Using data on 75 countries for six years in the period 1995 to 2003, this paper analyzes empirically whether and to what extent the quality of the legal system affects the performance of the labor market. According to the regression results, a legal system characterized by a dependent judiciary, biased courts, a lack of intellectual property protection and a lack of integrity increases unemployment and lowers the employment level. The magnitude of the effect seems to be substantial, particularly among young people.

Keywords: unemployment; employment; rule of law; legal system (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-lab and nep-law
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Citations: View citations in EconPapers (2)

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Journal Article: The quality of the legal system and labor market performance around the world (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eid:wpaper:15966

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