Law and Employment: Lessons from Latin America and the Caribbean
Law and Employment: Lessons from Latin America and the Caribbean
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Abstract
This book 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 have been introduced or reformed in Latin America in the past thirty years have had important economic consequences. The book documents 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 book 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, this book provides comparative analysis of Latin American economies against a range of European countries and the United States.
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Front Matter
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Introduction
James J. Heckman
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1
Measuring the Impact of Minimum Wages: Evidence from Latin America
William F. Maloney andJairo Nuñez Mendez
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2
Labor Market Reforms and Their Impact over Formal Labor Demand and Job Market Turnover: The Case of Peru
Jaime Saavedra andMáximo Torero
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3
The Effect of Job Security Regulations on Labor Market Flexibility: Evidence from the Colombian Labor Market Reform
Adriana D. Kugler
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4
Determinants of Labor Demand in Colombia 1976–1996
Mauricio Cárdenas andRaquel Bernal
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5
The Impact of Regulations on Brazilian Labor Market Performance
Ricardo Paes De Barros andCarlos Henrique Corseuil
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6
The Effects of Labor Market Regulations on Employment Decisions by Firms: Empirical Evidence for Argentina
Guillermo Mondino
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7
Who Benefits From Labor Market Regulations? Chile, 1960–1998
Claudio E. Montenegro andCarmen Pagés
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8
Unions and Employment in Uruguay
Adriana Cassoni and others
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9
Labor Market Policies and Employment Duration: The Effects of Labor Market Reform in Argentina
Hugo A. Hopenhayn
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10
Labor Market Regulation and Employment in the Caribbean
Andrew S. Downes and others
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11
Labor Demand in Latin America and the Caribbean: What Does It Tell Us?
Daniel S. Hamermesh
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End Matter
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