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Law and EmploymentLessons from Latin America and the Caribbean$
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James J. Heckman and Carmen Pages

Print publication date: 2004

Print ISBN-13: 9780226322827

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226322858.001.0001

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(p.1) Introduction
Law and Employment

James J. Heckman

, Carmen Pagés
University of Chicago Press

This book uses microdata from diverse Latin American and Caribbean countries to investigate the impact of regulation on their labor markets. Common methodologies are applied to extract empirical regularities from the region. Latin America and the Caribbean are of interest in their own right. But for several reasons, the lessons learned from studies of these labor markets have much greater generality. The shifts in the policy regimes experienced in the region are dramatic by the Organization for Economic Cooperation and Development (OECD) standards, and many of these regime shifts are exogenous. This large and exogenous variation provides identifying power not available to analysts studying regulation in Europe and North America. Given the evidence on the comparability of labor demand functions around the world, lessons about the impact of regulation learned from Latin American labor markets apply more generally.

Keywords:   labor market, Latin America, Caribbean, OECD standards, labor demand functions, market regulation

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