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The Macroeconomics of Market Regulation
Author(s) -
Cacciatore Matteo,
Fiori Giuseppe
Publication year - 2015
Publication title -
international finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.458
H-Index - 39
eISSN - 1468-2362
pISSN - 1367-0271
DOI - 10.1111/infi.12077
Subject(s) - state (computer science) , humanities , art , mathematics , algorithm
In each country, a complex set of laws and institutions regulates the functioning of product and labour markets. Broadly defined, the regulation of labour directly affects hiring and firing decisions, the number of working hours, the intensity of job search and wage dynamics. Examples include employment protection legislation, the generosity and duration of unemployment benefits, restrictions on the length of contracts, the level of centralization in wage bargaining, labour unions and International Finance 18:3, 2015: pp. 343–360 DOI: 10.1111/infi.12077