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

Horst Feldmann

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

Horst Feldmann

Department of Economics

Research output: Working paper / Preprint › 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 language	English
Place of Publication	Bath, U. K.
Publisher	Department of Economics, University of Bath
Publication status	Published - 2009

Publication series

Name	Bath Economics Research Working Papers
No.	12/09

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

unemployment
employment
rule of law
legal system

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1209.pdfFinal published version, 446 KB

Cite this

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

Abstract

Publication series

UN SDGs

Keywords

Access to Document

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Cite this