Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/1874
Share/Export:
logo share SHARE BASE
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL | DATACITE
Title

Interactions Between Product and Labour Market Reforms

AuthorsSeldeslachts, Jo
KeywordsPrivate Interests
Product Market Competition
Interactions between Markets
Unemployment
Issue Date9-Jul-2002
SeriesUFAE and IAE Working Papers
519.02
AbstractLabour market reforms face very often opposition from the employed workers, because it normally reduces their wages. Also product market regulations are regularly biased towards too much benefitting the firms. As a result there remain many frictions in both the labour and product markets that hinder an optimal functioning of the economy. These issues have recently received a lot of attention in the economics literature and scholars have been looking for politically viable reforms in both markets. However, despite its potential importance, there has been done virtually no research on the interaction between reforms in product and labour markets. We find that when combining reforms, the opposition for reforms decreases considerably. This is because there exist complementarities and the gains in total welfare can be more evenly distributed over the interest groups. Moreover, the interaction of reforms offers a way out for the so-called 'sclerosis' effect.
URIhttp://hdl.handle.net/10261/1874
Appears in Collections:(IAE) Informes y documentos de trabajo

Files in This Item:
File Description SizeFormat
51902.pdf288,31 kBAdobe PDFThumbnail
View/Open
Show full item record
Review this work

Page view(s)

257
checked on May 17, 2022

Download(s)

425
checked on May 17, 2022

Google ScholarTM

Check


WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.