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Product Market Reforms and Unemployment in Europe
Gersbach, Hans; Schniewind, Achim - 2001
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...
Persistent link: https://www.econbiz.de/10010262459
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Does Entry Regulation Hinder Job Creation? Evidence from the French Retail Industry
Bertrand, Marianne; Kramarz, Francis - 2002
Are product market and entry regulation key sources of low employment growth in many European countries? We investigate this question in the context of the French retail trade industry. Since 1974, approval by regional zoning boards has been required for the creation or extension of any large...
Persistent link: https://www.econbiz.de/10010261526
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Uneven Technical Progress and Unemployment
Gersbach, Hans; Schniewind, Achim - 2002
In a two-sector-economy with real wage rigidity, we examine how technical progress in one sector affects aggregate unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production functions. For every type of technical progress there...
Persistent link: https://www.econbiz.de/10010262774
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Learning of General Equilibrium Effects and the Unemployment Trap
Gersbach, Hans; Schniewind, Achim - 2001
We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial...
Persistent link: https://www.econbiz.de/10010262458
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Awareness of General Equilibrium Effects and Unemployment
Gersbach, Hans; Schniewind, Achim - 2001
We examine wage-bargaining in a two-sector economy when employers and labor unions in each sector are not always aware of all general equilibrium feedback effects. We show analytically that if agents only consider labor demand effects, low real wages and low unemployment result. With an...
Persistent link: https://www.econbiz.de/10010262597
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The Unemployment Impact of Product and Labour Market Regulation: Evidence from European Countries
Piton, Céline; Rycx, Francois - 2018
set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tends to push up the unemployment … rate. Labour market deregulation, proxied by the employment protection legislation index, is detrimental to unemployment in …
Persistent link: https://www.econbiz.de/10011873586
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Learning of General Equilibrium Effects and the Unemployment Trap
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2001
We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial...
Persistent link: https://www.econbiz.de/10005703472
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Uneven Technical Progress and Unemployment
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2002
In a two-sector-economy with real wage rigidity, we examine how technical progress in one sector affects aggregate unemployment. We show that aggregate unemployment decreases for uneven technical change in the case of Cobb-Douglas production functions. For every type of technical progress there...
Persistent link: https://www.econbiz.de/10005822836
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Product Market Reforms and Unemployment in Europe
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2001
In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...
Persistent link: https://www.econbiz.de/10005700877
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Awareness of General Equilibrium Effects and Unemployment
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2001
We examine wage-bargaining in a two-sector economy when employers and labor unions in each sector are not always aware of all general equilibrium feedback effects. We show analytically that if agents only consider labor demand effects, low real wages and low unemployment result. With an...
Persistent link: https://www.econbiz.de/10005762308