Analyzing the effects of regulation and deregulation on Latin American labor markets, Law and Employment joins the ongoing debate about the virtues and costs of legislating mandatory benefits for workers. Of the numerous labor regulations that were altered or created in Latin America during the last thirty years, many have had unintended and far-reaching results. Nobel Prize-winning economist James J. Heckman, and Carmen Pages document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the...