Does interacting product and labor market regulation alter the impact of immigration on wages of competing native … labor market: one segment without product and labor market regulation, to which standard immigration models best apply, one … segment in which product and labor market regulation interact, and one segment covering intermediate groups of workers. We …

efficiency arguments are questionable, because of the disemployment effects of strict regulation. Regulation is better explained … rationally desires strict regulation to divert rent from other groups such as the skilled workers and the unemployed. Legal … tradition. Given a predisposition to intervene, these countries begin with some degree of labour regulation, which then creates …

contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …

This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search …-and-firing (intensive) margin. We characterize analytically how both margins depend on regulation before we calibrate the model to the US … through firm selection. Finally, the opposite effect of product and labor market regulation on job turnover rationalizes the …

, decrease with anti-competitive regulation in upstream sectors and increase with the industry specific output gap; ii) decrease … with the national output gap, increase with the national employment rate and decrease with employment protection regulation …

In this paper, I study the political rationale for labor market regulation. Oligopolists employ raw labor and human … less competition from outside. Then, the fall of income due to wage increases is reduced and labor market regulation …

formal sector wage premium. The opposite is true for labor market regulation. Finally, we show that the so-called overhiring …