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Macroeconomic policy lessons of labor market frictions

Yashiv, Eran - 2002

The paper explores the consequences of macroeconomic policy for labor market outcomes in the presence of frictions. It shows how policy may be useful in overriding frictions, as well as how it might generate adverse outcomes. The analysis looks at the main tools of macroeconomic policy and...

Persistent link: https://www.econbiz.de/10011406721

Endogenous indoctrination : occupational choice, the evolution of beliefs, and the political economy of reform

Saint-Paul, Gilles - 2009

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Persistent link: https://www.econbiz.de/10003902085

Where to look for the morals in markets?

Sutter, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2016

Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...

Persistent link: https://www.econbiz.de/10011518078

Immigration policy and market institutions in liberal market economies

Wright, Chris F. - In: Industrial relations journal 43 (2012) 2, pp. 110-136

Persistent link: https://www.econbiz.de/10009581193

The welfare effects of globalization with labor market regulation

Palokangas, Tapio K. - 2015

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

Persistent link: https://www.econbiz.de/10011347148

Regulatory barriers and entry in developing economies

Bennett, John (contributor); Estrin, Saul (contributor) - 2006

We model entry by entrepreneurs into new markets in developing economies with regulatory barriers in the form of licence fees and bureaucratic delay. Because laissez faire leads to 'excessive' entry, a licence fee can increase welfare by discouraging entry. However, in the presence of a licence...

Persistent link: https://www.econbiz.de/10003328066

Employment protection, product market regulation and firm selection

Koeniger, Winfried (contributor); Prat, Julien (contributor) - 2006

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 …

Persistent link: https://www.econbiz.de/10003278939

Product market regulation and endogenous union formation

Ebell, Monique (contributor); Häfke, Christian (contributor) - 2006

We contribute to the growing literature which aims to link product market regulation and competition to labor market … moving from the US low regulation-individual bargaining economy to the EU high regulation-collective bargaining economy leads …

Persistent link: https://www.econbiz.de/10003418442

Product market regulation, firm selection and unemployment

Felbermayr, Gabriel (contributor); Prat, Julien (contributor) - 2007

This paper analyzes the effect of Product Market Regulation (PMR) on unemployment in a search model with heterogeneous …

Persistent link: https://www.econbiz.de/10003585349

Incidence of strict quality standards : protection of consumers or windfall for professionals?

Kawaguchi, Daiji; Murao, Tetsushi; Kanbayashi, Ryō - 2013

This paper examines the effects of upgrading product quality standards on product and professional labor-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a stricter review process for admitting the plans of...

Persistent link: https://www.econbiz.de/10009755328