We investigate the regulation of labor markets through employment laws, collective bargaining laws, and social security … generous social security systems. Socialist and French legal origin countries have sharply higher levels of labor regulation …. Heavier regulation of labor is associated with a larger unofficial economy, lower labor force participation, and higher …

somehow help solve the public goods problem inherent in workplace regulation. Second, the agent must be able to reduce the …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation’s negative effects only matter for incremental innovation (as …

jurisdiction in the world has extensive employment law, particularly employment protection law, while most economic analysis of the …

We present new data on the regulation of entry of start-up firms in 75 countries. The data set contains information on … official costs of entry are extremely high in most countries. Countries with heavier regulation of entry have higher corruption … benevolent regulation, but support the (grabbing hand) view that entry regulation benefits politicians and bureaucrats …

We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of … country's regulation with respect to foreign capital flows is important in determining its level of segmentation, we find that …

restructuring and regulation of monopolies with network externalities …

' trading and participation decisions. Our model predicts that regulation that protect prices will lead to fragmentation and …