Product market deregulation and the US employment miracle

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...

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Detalhes bibliográficos
Autores: Ebell, M., Haefke, Christian
Formato: artículo
Fecha de publicación:2009
País:España
Recursos:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/58199
Acesso em linha:http://hdl.handle.net/10261/58199
Access Level:acceso abierto
Palavra-chave:ddc:330
jel:J63
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spelling Product market deregulation and the US employment miracleEbell, M.Haefke, Christianddc:330jel:J63We 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 1980s and 1990s could be directly attributed to product market deregulation. Under our baseline 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. © 2008 Elsevier Inc. All rights reserved.Haefke acknowledges financial support from EU grant HPMF-CT-2001-01252 and CICYT grant SEC2001-0792.Peer ReviewedElsevier2012201220092012info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501http://hdl.handle.net/10261/58199reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Inglésinfo:eu-repo/semantics/openAccessoai:digital.csic.es:10261/581992026-05-22T06:33:51Z
dc.title.none.fl_str_mv Product market deregulation and the US employment miracle
title Product market deregulation and the US employment miracle
spellingShingle Product market deregulation and the US employment miracle
Ebell, M.
ddc:330
jel:J63
title_short Product market deregulation and the US employment miracle
title_full Product market deregulation and the US employment miracle
title_fullStr Product market deregulation and the US employment miracle
title_full_unstemmed Product market deregulation and the US employment miracle
title_sort Product market deregulation and the US employment miracle
dc.creator.none.fl_str_mv Ebell, M.
Haefke, Christian
author Ebell, M.
author_facet Ebell, M.
Haefke, Christian
author_role author
author2 Haefke, Christian
author2_role author
dc.subject.none.fl_str_mv ddc:330
jel:J63
topic ddc:330
jel:J63
description 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 1980s and 1990s could be directly attributed to product market deregulation. Under our baseline 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. © 2008 Elsevier Inc. All rights reserved.
publishDate 2009
dc.date.none.fl_str_mv 2009
2012
2012
2012
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/58199
url http://hdl.handle.net/10261/58199
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.81155

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