| Law and Employment: Lessons from Latin America and the Caribbean Contributor(s): Heckman, James J. (Editor), Pages, Carmen (Editor) |
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ISBN: 0226322823 ISBN-13: 9780226322827 Publisher: University of Chicago Press OUR PRICE: $130.15 Product Type: Hardcover - Other Formats Published: October 2004 Annotation: "Law and Employment" analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pages document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, "Law and Employment" provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation. |
| Additional Information |
| BISAC Categories: - Law | Labor & Employment |
| Dewey: 331.109 |
| LCCN: 2004047874 |
| Series: National Bureau of Economic Research Conference Report |
| Physical Information: 1.44" H x 6.32" W x 9.32" (1.50 lbs) 475 pages |
| Descriptions, Reviews, Etc. |
Contributor Bio(s): Heckman, James J.: - James J. Heckman is the Henry Schultz Distinguished Service Professor in the Department of Economics at the University of Chicago and the recipient of the 2000 Nobel Prize in Economics. He is the director of the Economics Research Center at the University of Chicago and codirector of the Human Capital and Economic Opportunity Global Working Group. Heckman has authored an edited several books, most recently Giving Kids a Fair Chance and The Myth of Achievement Tests (edited with John Eric Humphries and Tim Kautz). |