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

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

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 …

We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main …

. These allow accounting for both the direct effects of sectoral regulation on within-sector performance and the indirect … effects of sectoral regulation on firms in other sectors through intersectoral input-output linkages. Our econometric … at the global technological frontier and a catch up term. We assume that regulation can affect productivity growth both …

We analyze how an entry regulation that imposes a mandatory educational standard affects entry into self-employment and … Germany after reunification. Consistent with our expectations, we find that entry regulation reduces entry into self …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …