Product market deregulation and labor market outcomes
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- dc.contributor.author Ebell, Moniqueca
- dc.contributor.author Haefke, Christianca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T12:07:57Z
- dc.date.available 2017-07-26T12:07:57Z
- dc.date.issued 2002-12-01
- dc.date.modified 2017-07-23T02:08:13Z
- dc.description.abstract We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a Mortensen-Pissarides model with monopolistic competition in the goods market and individual wage bargaining. Product market competition affects unemployment via two channels: the output expansion effect and a countervailing effect due to a hiring externality. Competition is then linked to barriers to entry. A calibrated model compares a high-regulation European regime to a low-regulation Anglo-American one. Our quantitative analysis suggests that under individual bargaining, no more than half a percentage point of European unemployment rates can be attributed to entry regulation.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=726
- dc.identifier.uri http://hdl.handle.net/10230/507
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 726
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword product market competition
- dc.subject.keyword barriers to entry
- dc.subject.keyword wage bargaining
- dc.subject.keyword european unemployment puzzle
- dc.subject.keyword Macroeconomics and International Economics
- dc.title Product market deregulation and labor market outcomesca
- dc.type info:eu-repo/semantics/workingPaper