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We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10011921984
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10010250120
The purpose of this paper is to analyse the impact of market-oriented institutional reforms in German network industries. A disaggregated approach is chosen, which differentiates between network services, infrastructure management and network infrastructure. The gradual opening of network...
Persistent link: https://www.econbiz.de/10011402409
. Evidence on employment in the retail sector from Germany, the Netherlands and the United States suggests that the regulatory … attributed to product market deregulation, in particular liberalization of shop-closing laws effected in the mid-1990s. I sketch …
Persistent link: https://www.econbiz.de/10009781500
Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...
Persistent link: https://www.econbiz.de/10003897546
This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency … seems to have increased post-deregulation and the competition resulting from diversity in bank types was important to prompt …
Persistent link: https://www.econbiz.de/10011514045
This paper analyzes theoretically and empirically how upstream markets are affected by deregulation downstream …. Deregulation tends to increase the level of uncertainty in the upstream market. Our theoretical analysis predicts that deregulated … plants. On the other hand, we also find that transaction costs may have increased as a consequence of deregulation. …
Persistent link: https://www.econbiz.de/10010464693
elastic to net post-tax real wages, and hence reduced by taxation. In a setting where preferences are isoelastic, deregulation … regulation for some goods. I provide sufficient conditions for deregulation, i.e. a general reduction in price floors, to be …
Persistent link: https://www.econbiz.de/10011941166
We develop a model of sluggish firm entry to explain short-run labor responses to technology shocks. We show that the labor response to technology and its persistence depend on the degree of returns to labor and the rate of firm entry. Existing empirical results support our theory based on...
Persistent link: https://www.econbiz.de/10011921997
, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … impact of deregulation. This also means policies that change fuel prices can have substantially different effects on …
Persistent link: https://www.econbiz.de/10011936281