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dc.contributor.authorEbell, Moniqueen
dc.contributor.authorHaefke, Christianen
dc.date.accessioned2006-06-20-
dc.date.accessioned2010-07-07T09:07:39Z-
dc.date.available2010-07-07T09:07:39Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1946en
dc.subject.jelE24en
dc.subject.jelJ63en
dc.subject.jelL16en
dc.subject.jelO00en
dc.subject.ddc330en
dc.subject.keywordproduct market competitionen
dc.subject.keywordbarriers to entryen
dc.subject.keywordwage bargainingen
dc.subject.stwGesamtwirtschaftliche Produktionen
dc.subject.stwMarktstrukturen
dc.subject.stwMonopolistischer Wettbewerben
dc.subject.stwDeregulierungen
dc.subject.stwArbeitsmarkten
dc.subject.stwBeschäftigungen
dc.subject.stwUSAen
dc.titleProduct market deregulation and the US employment miracle-
dc.type|aWorking Paperen
dc.identifier.ppn507466209en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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