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Trust and employment protection legislation

Jayakody, Shashitha, Morelli, David A., Nica, Melania, Oberoi, Jaideep (2024) Trust and employment protection legislation. Economics Letters, 234 . Article Number 111441. ISSN 0165-1765. (doi:10.1016/j.econlet.2023.111441) (KAR id:104504)


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.

Item Type: Article
DOI/Identification number: 10.1016/j.econlet.2023.111441
Uncontrolled keywords: Trust; Informal institutions; Labor laws; Investment
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Funders: University of Kent (
Depositing User: David Morelli
Date Deposited: 05 Jan 2024 09:29 UTC
Last Modified: 08 Jan 2024 10:37 UTC
Resource URI: (The current URI for this page, for reference purposes)

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