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Título: | Product market deregulation and the US employment miracle |
Autor: | Ebell, M.; Haefke, Christian CSIC | Fecha de publicación: | 2009 | Editor: | Elsevier | Citación: | Review of Economic Dynamics 12(3): 479-504 (2009) | Resumen: | 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. | URI: | http://hdl.handle.net/10261/58199 | DOI: | 10.1016/j.red.2008.11.002 | Identificadores: | doi: 10.1016/j.red.2008.11.002 issn: 1094-2025 |
Aparece en las colecciones: | (IAE) Artículos |
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Productmarketderegulation.pdf | 512,85 kB | Adobe PDF | Visualizar/Abrir |
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