The Regulation of Labor

Botero, Juan Carlos; Djankov, Simeon; Porta, Rafael La; Silanes, Florencio López de; Shleifer, Andrei

doi:10.2139/ssrn.408480

Cited by 161 publications

(28 citation statements)

References 11 publications

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“…Results are qualitatively the same, even when excluding Russia, Poland, and Slovenia, whose data seem to be of poorer quality. 27…”

Section: Empirical Findings: Benchmark Specificationsmentioning

confidence: 99%

Where does regulation hurt? Evidence from new businesses across countries

Ardagna

Lusardi

2009

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and the Federal Reserve Bank of Boston for spurring our interest on this topic, providing comments on the model, and helping with the data and the empirical work. Any errors are our responsibility. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

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“…Results are qualitatively the same, even when excluding Russia, Poland, and Slovenia, whose data seem to be of poorer quality. 27…”

Section: Empirical Findings: Benchmark Specificationsmentioning

confidence: 99%

Where does regulation hurt? Evidence from new businesses across countries

Ardagna

Lusardi

2009

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“…The Scandinavian countries form another grouping over which generalisations would seem to have prima facie validity. Djankov et al . (2003) have proposed that the legal tradition of countries offers a useful means to group them.…”

Section: Generalising When Ceteris Is Not Paribusmentioning

confidence: 99%

Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under

Freeman

2006

Economic Record

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This paper argues that detailed studies of particular economies, such as Bob Gregory's work on Australia, are relevant to all of economics. The paper builds on the concept of a model species from biology to develop the notion of a model economy – one whose experiences illuminate fundamental economic issues; examines the criterion for an economy to serve as a model economy; and describes three areas – labour relations and the awards system of wage‐setting, marketising public services and growth through immigration and natural resources – where Australian experience provides insights into economic behaviour and the operation of markets broadly.

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“…Although many types of regulation are costly to firms and prevent efficient market entry (see Djankov et al, 2002), entry costs usually do not vary with the entrepreneurs' outside options. This will be particularly true if regulation is largely determined by legal tradition instead of efficiency considerations or by political power as pointed out by Djankov et al (2003). In our scenario of corrupt behavior, the official sector would shrink if the official demanded the same bribery demand as in the absence of the shadow economy, since the marginal type v * would prefer to enter the shadow economy.…”

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confidence: 93%

Corruption and the Shadow Economy*

Choi

Thum

2005

Int Economic Review

265

161

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This paper develops a simple framework to analyze the links between corruption and the unofficial economy and their implications for the official economy. In a model of self-selection with heterogeneous entrepreneurs, we show that the entrepreneurs' option to flee to the underground economy constrains a corrupt official's ability to introduce distortions to the economy for private gains. The unofficial economy thus mitigates government-induced distortions and, as a result, leads to enhanced economic activities in the official sector. In this sense, the presence of the unofficial sector acts as a complement to the official economy rather than a substitute.JEL Classification: D9, H2, K4, L1.

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The Regulation of Labor

Cited by 161 publications

References 11 publications

Where does regulation hurt? Evidence from new businesses across countries

Where does regulation hurt? Evidence from new businesses across countries

Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under

Corruption and the Shadow Economy*

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