Beliefs about the determinants of success and employment protection

Andreas Kyriacou

Economics Letters, 2012, vol. 116, issue 1, 31-33

Abstract: We show that part of the international variation in employment laws is due to different beliefs about the impact of hard work as opposed to luck and connections on success. In societies where a greater proportion of people relate their life prospects to chance and connections, stronger employment protection is in place. The prevalence of such beliefs is likely to hamper labor market reforms.

Keywords: Employment protection; Beliefs; Reverse causality; Instrumental variables (search for similar items in EconPapers)
JEL-codes: D72 J41 J81 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:1:p:31-33

DOI: 10.1016/j.econlet.2012.01.005

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