Toward a theory of labor market institutions

Gilles Saint-Paul

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we observe such regulations. In this paper I outline a theory of how they may arise and why they fit together. This theory is fully developed in a forthcoming book (Saint-Paul (2000)), to which the reader is referred for further details.

Keywords: Political economy; labor market institutions; unemployment (search for similar items in EconPapers)
JEL-codes: D7 E24 E6 H2 J3 J4 J5 J6 K31 (search for similar items in EconPapers)
Date: 1999-11
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (1)

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