Preferences for Labor Regulation: Endowments vs. Beliefs

IF 4.5 3区 经济学 Q1 ECONOMICS Economic Policy Pub Date : 2024-03-07 DOI:10.1093/epolic/eiae021
Romain Duval, Yi Ji, Chris Papageorgiou, Ippei Shibata, Antonio Spilimbergo
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Abstract

Are preferences for labor regulations driven by individuals’ own endowments or their beliefs? To address this question, we conducted a cross-country survey on people’s opinions on employment protection legislation—an area where reform has proven to be difficult and personal interests are at stake. We find that individuals’ beliefs contribute two to three times more than their own endowments and personal pay-offs. A randomized information treatment confirms that beliefs can explain views about regulations, but beliefs can also change with new information. Our results are robust to several checks, including to alternative estimation techniques and samples.
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对劳动法规的偏好:禀赋与信念
对劳动法规的偏好是受个人自身禀赋还是信仰的驱动?为了解决这个问题,我们就人们对就业保护立法的看法进行了一项跨国调查--在这个领域,改革已被证明是困难的,个人利益也受到了威胁。我们发现,个人信念的作用是其自身禀赋和个人回报的两到三倍。随机信息处理证实,信念可以解释对法规的看法,但信念也会随着新信息的出现而改变。我们的结果经多次检验,包括其他估算技术和样本的检验,都是稳健的。
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来源期刊
Economic Policy
Economic Policy ECONOMICS-
CiteScore
4.80
自引率
0.00%
发文量
41
期刊介绍: Economic Policy provides timely and authoritative analyses of the choices confronting policymakers. The subject matter ranges from the study of how individual markets can and should work to the broadest interactions in the world economy. Economic Policy features: Analysis of key issues as they emerge Views of top international economists Frontier thinking without technical jargon Wide-reaching coverage of worldwide policy debate
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