Toward a theory of labor market institutions
نویسنده
چکیده
Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved di±cult to implement because of political opposition. For these reasons it is important to explain why we observe such regulations. In this paper I outline a theory of how they may arise and why they ̄t together. This theory is fully developed in a forthcoming book (Saint-Paul (2000)), to which the reader is referred for further details. JEL Classi ̄cation:D7,E24,E6,H2,J3,J4,J5,J6,K31
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