BERTINELLI, LUISITO; CARDI, OLIVIER; SEN, PARTHA - Centre for Development Economics, Delhi School of Economics - 2012
alternatively European and the U.S. labor markets, a deregulation episode, which lowers the markup by 3 percent- age points, results …®ected in the long-run. The sensitivity analysis reveals that product market deregulation is more e®ective in countries where … labor market regulation is high, product markets are initially highly regulated, unemployment bene¯ts are smaller and labor …