Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/72705 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Reihe Ökonomie / Economics Series No. 223
Verlag: 
Institute for Advanced Studies (IHS), Vienna
Zusammenfassung: 
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 bargaining. 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 directly attributed to product market deregulation. Under a traditional calibration, our results suggest that 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. Under a small surplus calibration, however, product market deregulation can account for the entire decline in US trend unemployment over the 1980's and 1990's.
Schlagwörter: 
product market competition
barriers to entry
wage bargaining
JEL: 
E24
J63
L16
O00
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
512.85 kB





Publikationen in EconStor sind urheberrechtlich geschützt.