EconPapers    
Economics at your fingertips  
 

Product Market Deregulation and the U.S. Employment Miracle

Monique Ebell and Christian Haefke ()

Review of Economic Dynamics, 2009, vol. 12, issue 3, 479-504

Abstract: 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 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. (Copyright: Elsevier)

Keywords: Product market competition; Barriers to entry; Wage bargaining (search for similar items in EconPapers)
JEL-codes: E24 J63 L16 O00 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (42) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1016/j.red.2008.11.002
Access to full texts is restricted to ScienceDirect subscribers and institutional members. See http://www.sciencedirect.com/ for details.

Related works:
Software Item: Code and data files for "Product Market Deregulation and the U.S. Employtment Miracle" (2008) Downloads
Working Paper: Product Market Deregulation and the U.S. Employment Miracle (2008) Downloads
Working Paper: Product market deregulation and the U.S. employment miracle (2008) Downloads
Working Paper: Product Market Deregulation and the U.S. Employment Miracle (2008) Downloads
Working Paper: Product Market Deregulation and the U.S. Employment Miracle (2006) Downloads
Working Paper: Product market deregulation and the U.S. employment miracle (2006) Downloads
Working Paper: Product Market Deregulation and the U.S. Employment Miracle (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:issued:06-224

Ordering information: This journal article can be ordered from
https://www.economic ... ription-information/

DOI: 10.1016/j.red.2008.11.002

Access Statistics for this article

Review of Economic Dynamics is currently edited by Jonathan Heathcote and Vincenzo Quadrini

More articles in Review of Economic Dynamics from Elsevier for the Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2019-10-14
Handle: RePEc:red:issued:06-224