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Core Labor Standards and Development: Impact on Long-term Income

Abstract : The paper focuses on the impact of international core labor standards on long-term per capita income. In order to do that, it is necessary to build a new synthetic indicator of labor standards using multiple correspondence analysis, measuring the four core labor standards recognized by ILO. We propose an estimation of the steady-state per capita income for a large panel of
countries (104) and then that of developing countries. The two-stage least square method is used to correct potential problems of endogeneity. The findings show that, by and large, countries with higher labor standards have a higher steady-state level.
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https://halshs.archives-ouvertes.fr/halshs-00310397
Contributor : Remi Bazillier <>
Submitted on : Friday, August 8, 2008 - 3:32:46 PM
Last modification on : Tuesday, November 17, 2020 - 11:18:06 AM

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Rémi Bazillier. Core Labor Standards and Development: Impact on Long-term Income. World Development, Elsevier, 2008, 36 (1), pp.17-38. ⟨10.1016/j.worlddev.2007.02.010⟩. ⟨halshs-00310397⟩

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