Trust and employment protection legislation

Shashitha Jayakody, David Morelli, Melania Nica and Jaideep Oberoi

Economics Letters, 2024, vol. 234, issue C

Abstract: We examine the role of generalized social trust in substituting for employment protection legislation. Using foreign direct investment from the US to a sample of OECD countries, we find that trust diminishes the importance of formal employment regulations in investment attractiveness.

Keywords: Trust; Informal institutions; Labor laws; Investment (search for similar items in EconPapers)
JEL-codes: D02 G38 J80 Z10 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523004676

DOI: 10.1016/j.econlet.2023.111441

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