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dc.contributor.authorEbell, Moniqueen_US
dc.contributor.authorHaefke, Christianen_US
dc.date.accessioned2006-06-20en_US
dc.date.accessioned2010-07-07T09:07:39Z-
dc.date.available2010-07-07T09:07:39Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/33172-
dc.description.abstractWe 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.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 1946en_US
dc.subject.jelE24en_US
dc.subject.jelJ63en_US
dc.subject.jelL16en_US
dc.subject.jelO00en_US
dc.subject.ddc330en_US
dc.subject.keywordproduct market competitionen_US
dc.subject.keywordbarriers to entryen_US
dc.subject.keywordwage bargainingen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwMarktstrukturen_US
dc.subject.stwMonopolistischer Wettbewerben_US
dc.subject.stwDeregulierungen_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwBeschäftigungen_US
dc.subject.stwUSAen_US
dc.titleProduct market deregulation and the US employment miracleen_US
dc.typeWorking Paperen_US
dc.identifier.ppn507466209en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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