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The Cost of Job Security Regulation: Evidence from Latin American Labor Markets

Author

Listed:
  • James J. Heckman
  • Carmen Pages
Abstract
This paper documents the high level of job security protection in Latin American labor markets and analyzes its impact on employment. We show that job security policies have substantial impact on the level and the distribution of employment in Latin America. They reduce employment and promote inequality. The institutional organization of the labor market affects both employment and inequality.

Suggested Citation

  • James J. Heckman & Carmen Pages, 2000. "The Cost of Job Security Regulation: Evidence from Latin American Labor Markets," NBER Working Papers 7773, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:7773
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    References listed on IDEAS

    as
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