Trust and employment protection legislation
研究普遍社会信任能否替代就业保护立法,利用美国对OECD国家的直接投资数据,发现信任降低了正式就业法规对投资吸引力的重要性。
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.