Sarkar, Prabirjit and Deakin, Simon (2011): Indian labour law and its impact on unemployment, 1970-2006: A leximetric study.
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We analyse a recently developed leximetric dataset on Indian labour law over the period 1970 to 2006. Indian labour law is seen to be highly protective of workers’ interests by international standards, particularly in the area of dismissal regulation. We undertake a time-series econometric analysis to estimate the impact of the strengthening of labour laws on unemployment and industrial output in the formal economy. We find no evidence that pro-worker labour legislation leads to unemployment or industrial stagnation. Rather, pro-worker labour laws are associated with low unemployment, with the direction of causality running from unemployment and output to labour regulation
|Item Type:||MPRA Paper|
|Original Title:||Indian labour law and its impact on unemployment, 1970-2006: A leximetric study|
|Keywords:||labour law, employment, India|
|Subjects:||J - Labor and Demographic Economics > J8 - Labor Standards: National and International > J80 - General
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J60 - General
J - Labor and Demographic Economics > J8 - Labor Standards: National and International > J83 - Workers' Rights
K - Law and Economics > K3 - Other Substantive Areas of Law > K31 - Labor Law
|Depositing User:||Dr P SARKAR|
|Date Deposited:||23. Dec 2011 16:42|
|Last Modified:||12. Feb 2013 21:27|
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Indian Labour Regulation and Its Impact on Unemployment: A Leximetric Study, 1970-2006. (deposited 22. Aug 2011 10:07)
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