Using 1981–2009 data for the 50 states, this article examines the relationship between economic freedom and the unemployment rate, the labor force participation rate, and the employment-population ratio. After controlling for a variety of state-level characteristics, the results from most specifications indicate that economic freedom is associated with lower unemployment and with higher labor force participation and employment-population ratios.
blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Sunday, July 07, 2013
Making it easier to fire people means more people get hired
Kind of counter intuitive in a way, but also not really - after all, employers put off hiring because they worry about having to fire them if they don't work out for cultural reasons let alone regulatory ones (DivisionofLabour via AdamSmith):
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