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Culturally based beliefs and labor market institutions

Fabio D'Orlando, Francesco Ferrante () and Gabriele Ruiu

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2011, vol. 40, issue 2, 150-162

Abstract: This paper has two main goals. The first is to provide empirical evidence that differences in labor market institutions across countries and, specifically, in how they provide protection to workers, can be attributed to underlying differences in culturally based prior beliefs: in particular, people's fatalism and trust in others. The second goal is to single out the socio-economic determinants of these beliefs and the role of education in this regard.

Keywords: Culture; Fatalism; Trust; in; others; Labor; market; institutions; Employment; protection; legislation (search for similar items in EconPapers)
Date: 2011
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