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Labour Law and Inclusive Development

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  • Simon Deakin

Abstract

This paper, based on the V.V. Giri Memorial Lecture for 2013, argues that labour law should be seen as a developmental institution, capable of promoting both equality and efficiency, and hence inclusive development. Labour law rules, precisely because they redress the inequality of bargaining power inherent in the employment relationship, may promote economic efficiency, since they counteract the effects of contractual incompleteness, while mitigating labour market risks. The World Bank view that laws designed to help workers often harm them is neither theoretically well informed nor empirically supported. There is a need for new thinking to escape the intellectual rigidities currently afflicting labour law.

Suggested Citation

  • Simon Deakin, 2014. "Labour Law and Inclusive Development," Working Papers wp458, Centre for Business Research, University of Cambridge.
    • Handle: RePEc:cbr:cbrwps:wp458
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    References listed on IDEAS

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    Cited by:

    1. Sher Singh Verick, 2017. "The puzzles and contradictions of the Indian labour market: What will the future of work look like?," ASARC Working Papers 2017-02, The Australian National University, Australia South Asia Research Centre.
    2. Janine Berg, 2017. "Contractual status, worker well-being and economic development," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 60(2), pages 121-136, June.
    3. Zoe ADAMS & Louise BISHOP & Simon DEAKIN & Colin FENWICK & Sara MARTINSSON GARZELLI & Giudy RUSCONI, 2019. "The economic significance of laws relating to employment protection and different forms of employment: Analysis of a panel of 117 countries, 1990–2013," International Labour Review, International Labour Organization, vol. 158(1), pages 1-35, March.
    4. Sher Singh Verick, 2016. "Manufacturing and jobs: is India different?," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 59(1), pages 57-84, March.
    5. Zoe Adams & Simon Deakin, 2014. "Institutional Solutions to Precariousness & Inequality in Labour Markets," Working Papers wp463, Centre for Business Research, University of Cambridge.
    6. Aleksynska, Mariya, 2015. "Banking crises, labour reforms, and unemployment: a comment," Journal of Comparative Economics, Elsevier, vol. 43(4), pages 1135-1141.
    7. Simon Deakin & Shelley Marshall & Sanjay Pinto, 2020. "Labour Laws, Informality, and Development: Comparing India and China," Working Papers wp518, Centre for Business Research, University of Cambridge.
    8. Swapan Chakraborty, 2021. "Labour Market Regulation and Manufacturing Employment: A Study of Organized Manufacturing Sector Across Indian States," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(1), pages 1-22, March.
    9. Mariya Aleksynska & Friederike Eberlein, 2016. "Coverage of employment protection legislation," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-20, December.

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    More about this item

    Keywords

    Labour law; development; equality;
    All these keywords.

    JEL classification:

    • J88 - Labor and Demographic Economics - - Labor Standards - - - Public Policy
    • K31 - Law and Economics - - Other Substantive Areas of Law - - - Labor Law

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