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...

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...

Introduction: the working hypothesis -- What work is worth -- As American as economic pie -- Productive pluralism -- The labor market -- A future for work -- Turning around -- The environment and the economy -- Teaching to the rest -- The importance of borders -- More perfect unions -- The wage...