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We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual bargaining. We calibrate the model to US data and...
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We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage bargaining. Product market competition affects...
Persistent link: https://www.econbiz.de/10003274242
of the Federal Institute of Labour and the Institut für Arbeitsmarkt- und Berufsforschung (lAB). The result is that there …
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