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Veronica Frisancho
Veronica Frisancho is a research economist in the Research Department at Inter-American Development Bank (IDB). She received her Ph.D. in Economics from Pennsylvania State University in 2012, and she holds a bachelor’s degree in Economics from the Universidad del Pacifico in Lima, Peru.
Before pursuing her doctoral studies, Veronica worked at GRADE, a prestigious think tank in Peru, for almost six years. She also has several years of teaching experience in Peru and in the United States. She has taught Intermediate Macroeconomic Analysis and Introductory and Intermediate Microeconomics, as well as Growth and Development and Advanced International Trade Theory and Policy.
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The costs of employment protection
Restrictive labour laws govern the formal sector in India, whereas the informal sector is virtually unregulated. This column analyses the impact of reforms pertaining to employment protection legislation on firm performance. It finds that, on average, labour-intensive firms in states that have transited towards more flexible labour markets are 25% more productive than their counterparts in states with lower levels of reform.
