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Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/33172
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Ebell, Monique | | en_US |
| dc.contributor.author | | Haefke, Christian | | en_US |
| dc.date.accessioned | | 2006-06-20 | | en_US |
| dc.date.accessioned | | 2010-07-07T09:07:39Z | | - |
| dc.date.available | | 2010-07-07T09:07:39Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/33172 | | - |
| dc.description.abstract | | We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing effect due to a hiring externality. Competition is then linked to barriers to entry. We calibrate the model to US data and perform a policy experiment to assess whether the decrease in trend unemployment during the 1980's and 1990's could be attributed to product market deregulation. Our quantitative analysis suggests that under individual bargaining, a decrease of less than two tenths of a percentage point of unemployment rates can be attributed to product market deregulation, a surprisingly small amount. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 1946 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.jel | | J63 | | en_US |
| dc.subject.jel | | L16 | | en_US |
| dc.subject.jel | | O00 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | product market competition | | en_US |
| dc.subject.keyword | | barriers to entry | | en_US |
| dc.subject.keyword | | wage bargaining | | en_US |
| dc.subject.stw | | Gesamtwirtschaftliche Produktion | | en_US |
| dc.subject.stw | | Marktstruktur | | en_US |
| dc.subject.stw | | Monopolistischer Wettbewerb | | en_US |
| dc.subject.stw | | Deregulierung | | en_US |
| dc.subject.stw | | Arbeitsmarkt | | en_US |
| dc.subject.stw | | Beschäftigung | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Product market deregulation and the US employment miracle | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 507466209 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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