The Quality of the Legal System and Labor Market Performance around the World

Research output: Working paper

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Abstract

Using data on 75 countries for six years in the period 1995 to 2003, this paper analyzes empirically whether and to what extent the quality of the legal system affects the performance of the labor market. According to the regression results, a legal system characterized by a dependent judiciary, biased courts, a lack of intellectual property protection and a lack of integrity increases unemployment and lowers the employment level. The magnitude of the effect seems to be substantial, particularly among young people.
Original languageEnglish
Place of PublicationBath, U. K.
PublisherDepartment of Economics, University of Bath
Publication statusPublished - 2009

Publication series

NameBath Economics Research Working Papers
No.12/09

Keywords

  • unemployment
  • employment
  • rule of law
  • legal system

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  • Cite this

    Feldmann, H. (2009). The Quality of the Legal System and Labor Market Performance around the World. (Bath Economics Research Working Papers; No. 12/09). Department of Economics, University of Bath.