Trust and employment protection legislation

Shashitha Jayakody; David Morelli; Melania Nica; Jaideep Oberoi

doi:10.1016/j.econlet.2023.111441

Trust and employment protection legislation

Shashitha Jayakody
, David Morelli
, Melania Nica
, Jaideep Oberoi^*

^*Corresponding author for this work

Finance

Research output: Contribution to journal › Letter › peer-review

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Abstract

We examine the role of generalized social trust in substituting for employment protection legislation. Using foreign direct investment from the US to a sample of OECD countries, we find that trust diminishes the importance of formal employment regulations in investment attractiveness.

Original language	English
Article number	111441
Number of pages	3
Journal	Economics Letters
Volume	234
Early online date	14 Nov 2023
DOIs	https://doi.org/10.1016/j.econlet.2023.111441
Publication status	Published - Jan 2024

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

Trust
Informal institutions
Labor laws
Investment

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Cite this

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title = "Trust and employment protection legislation",

abstract = "We examine the role of generalized social trust in substituting for employment protection legislation. Using foreign direct investment from the US to a sample of OECD countries, we find that trust diminishes the importance of formal employment regulations in investment attractiveness.",

keywords = "Trust, Informal institutions, Labor laws, Investment",

author = "Shashitha Jayakody and David Morelli and Melania Nica and Jaideep Oberoi",

year = "2024",

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doi = "10.1016/j.econlet.2023.111441",

language = "English",

volume = "234",

journal = "Economics Letters",

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T1 - Trust and employment protection legislation

AU - Jayakody, Shashitha

AU - Morelli, David

AU - Nica, Melania

AU - Oberoi, Jaideep

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N2 - We examine the role of generalized social trust in substituting for employment protection legislation. Using foreign direct investment from the US to a sample of OECD countries, we find that trust diminishes the importance of formal employment regulations in investment attractiveness.

AB - We examine the role of generalized social trust in substituting for employment protection legislation. Using foreign direct investment from the US to a sample of OECD countries, we find that trust diminishes the importance of formal employment regulations in investment attractiveness.

KW - Trust

KW - Informal institutions

KW - Labor laws

KW - Investment

U2 - 10.1016/j.econlet.2023.111441

DO - 10.1016/j.econlet.2023.111441

M3 - Letter

SN - 0165-1765

VL - 234

JO - Economics Letters

JF - Economics Letters

M1 - 111441

ER -

Trust and employment protection legislation

Abstract

UN SDGs

Keywords

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