Regulation, Labor Costs and Employment in the U.S. Congress
The present paper examines the impact of passage of The Congressional Accountability Act of1995 (CAA9T), which imposed 11 major federal labor laws on die U.S. Congress for the first time, on employment in Congress. By modeling Congress as a firm which purchases inputs (e.g., capital, labor, etc.) to produce output (e.g., legislation), die impact of federal laws regarding minimum wages, occupational safety and health, family and medical leave, and others is amenable to econometric testing. After subjecting the data series to various unit root and cointegration tests, an error-correction model suggests that passage of CAA95 did indeed lead to a significant reduction in congressional employment levels, ceteris paribus.
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