Firm Entry Deregulation, Competition and Returns to Education and Skill

L. Winters, Ana Fernandes and Priscila Ferreira ()

No 9550, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper investigates the effects of firm entry deregulation. We exploit a recent reform that simplified business entry in Portugal as a quasi-natural experiment. We use cross-municipality-year variation in the implementation of the reform for identification. Using matched employer-employee data for the universe of workers and firms, we find that the reform is associated with increased firm entry and competition within industries and regions. The returns to a university degree increased by 5% while the returns to skills increased by 3%.

Keywords: Entry deregulation; Product market competition; Returns to education; Wage structure (search for similar items in EconPapers)
JEL-codes: J3 (search for similar items in EconPapers)
Date: 2013-07
New Economics Papers: this item is included in nep-bec, nep-com, nep-cse, nep-edu, nep-lab and nep-lma
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Firm entry deregulation, competition and returns to education and skill (2014)
Working Paper: Firm Entry Deregulation, Competition and Returns to Education and Skill (2013)
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