Labour market regulation: some comparative lessons

A comparative analysis of labour market regulation in Europe and North America

In this sample article from the September 2005 edition of Economic Affairs, W. S. Siebert shows how labour market regulation that undermines freedom of contract leads to fewer, higher productivity jobs with employment being across a narrower range of ages. More people are excluded from the labour market in highly regulated countries and they remain unemployed for longer.

The September 2005 edition of
Economic Affairs is a special edition devoted to the economics of employment regulation. Economic Affairs may be downloaded for free from most university websites via
Blackwells Synergy
. Alternatively, you can subscribe to Economic Affairs via the website of the publishers