Applied law and economics: a study of Brazil’s 2017 labour law reform
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The objective of this paper is twofold: to show how Law and Economics can be an effective tool in the analysis of labour law, and through its application to evaluate the potential effects of Brazil’s 2017 Labour Law reform. First, we introduced basic concepts used in Law and Economics and Microeconomics. Later we applied these concepts to the law on a point-by-point basis. The findings show that the considered changes brought by bill 13.467 offer positive economic incentives and should generate efficiency. However, the impact was deemed minor should not have earthshaking effects to employment markets.