Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20435
Authors: 
Gatti, Donatella
Amable, Bruno
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1190
Abstract: 
This paper is a contribution to the debate on policy complementarity in relation to deregulation in the product and labour markets. We develop a model of dynamic efficiency wages and monopolistic competition. Whereas most of the literature points toward the gains associated to an increase in product market competition coupled with an increased flexibility of the labour market, we show that even when more product market competition is the policy recommendation, it should be accompanied by an increase in job security.
Subjects: 
policy complementarity
job protection legislation
efficiency wage
imperfect competition
Document Type: 
Working Paper

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