Core Labor Standards and Development: Impact on Long-term Income

Remi Bazillier

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Abstract: The paper focuses on the impact of international core labor standards on long-term per capita income. In order to do that, it is necessary to build a new synthetic indicator of labor standards using multiple correspondence analysis, measuring the four core labor standards recognized by ILO. We propose an estimation of the steady-state per capita income for a large panel ofcountries (104) and then that of developing countries. The two-stage least square method is used to correct potential problems of endogeneity. The findings show that, by and large, countries with higher labor standards have a higher steady-state level.

Keywords: growth; labor standards; data analysis (search for similar items in EconPapers)
Date: 2008-01
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Citations: View citations in EconPapers (7)

Published in World Development, 2008, 36 (1), pp.17-38. ⟨10.1016/j.worlddev.2007.02.010⟩

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Journal Article: Core Labor Standards and Development: Impact on Long-Term Income (2008)
Working Paper: Core Labor Standards and Development: Impact on Long-term Income (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00310397

DOI: 10.1016/j.worlddev.2007.02.010

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