Economic Freedom and Labor Market Conditions: Evidence from the States

11 Pages Posted: 20 Nov 2013

See all articles by Lauren Heller

Lauren Heller

Berry College - Department of Economics

E. Frank Stephenson

Berry College - Campbell School of Business

Date Written: January 2014

Abstract

Using 1981–2009 data for the 50 states, this article examines the relationship between economic freedom and the unemployment rate, the labor force participation rate, and the employment‐population ratio. After controlling for a variety of state‐level characteristics, the results from most specifications indicate that economic freedom is associated with lower unemployment and with higher labor force participation and employment‐population ratios.

JEL Classification: J68, K31, O43

Suggested Citation

Heller, Lauren and Stephenson, E. Frank, Economic Freedom and Labor Market Conditions: Evidence from the States (January 2014). Contemporary Economic Policy, Vol. 32, Issue 1, pp. 56-66, 2014, Available at SSRN: https://ssrn.com/abstract=2357213 or http://dx.doi.org/10.1111/coep.12031

Lauren Heller (Contact Author)

Berry College - Department of Economics ( email )

Mount Berry, GA 30149
United States

E. Frank Stephenson

Berry College - Campbell School of Business ( email )

2277 Martha Berry Hwy NW
Mount Berry, GA 30149
United States

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