Book/Printed Material Family values and the regulation of labor

Title

• Family values and the regulation of labor

Summary

• "Flexible labor markets require geographically mobile workers to be efficient. Otherwise, firms can take advantage of the immobility of workers and extract monopsony rents. In cultures with strong family ties, moving away from home is costly. Thus, individuals with strong family ties rationally choose regulated labor markets to avoid moving and limiting the monopsony power of firms, even though regulation generates lower employment and income. Empirically, we do find that individuals who inherit stronger family ties are less mobile, have lower wages, are less often employed and support more stringent labor market regulations. There are also positive cross-country correlations between the strength of family ties and labor market rigidities. Finally, we find positive correlations between labor market rigidities at the beginning of the twenty first century and family values prevailing before World War II, which suggests that labor market regulations have deep cultural roots"--National Bureau of Economic Research web site.

Names

• Alesina, Alberto
• National Bureau of Economic Research

Created / Published

• Cambridge, MA : National Bureau of Economic Research, c2010.

Notes

• -  Title from PDF file as viewed on 3/16/2010.
• -  Includes bibliographical references.
• -  Also available in print.
• -  Mode of access: World Wide Web.
• -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

• HB1

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2010655762
• http://www.nber.org/papers/w15747 External

Library of Congress Control Number

• 2010655762

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2010655762

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record