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https://hdl.handle.net/10419/33172
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ebell, Monique | en |
dc.contributor.author | Haefke, Christian | en |
dc.date.accessioned | 2006-06-20 | - |
dc.date.accessioned | 2010-07-07T09:07:39Z | - |
dc.date.available | 2010-07-07T09:07:39Z | - |
dc.date.issued | 2006 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1946 | en |
dc.subject.jel | E24 | en |
dc.subject.jel | J63 | en |
dc.subject.jel | L16 | en |
dc.subject.jel | O00 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | product market competition | en |
dc.subject.keyword | barriers to entry | en |
dc.subject.keyword | wage bargaining | en |
dc.subject.stw | Gesamtwirtschaftliche Produktion | en |
dc.subject.stw | Marktstruktur | en |
dc.subject.stw | Monopolistischer Wettbewerb | en |
dc.subject.stw | Deregulierung | en |
dc.subject.stw | Arbeitsmarkt | en |
dc.subject.stw | Beschäftigung | en |
dc.subject.stw | USA | en |
dc.title | Product market deregulation and the US employment miracle | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 507466209 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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