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January 29, 2010 | History

Product market deregulation and the U.S. employment miracle 1 edition

Product market deregulation and the U.S. employment miracle
Monique Ebell

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Product market deregulation and the U.S. employment miracle
Monique Ebell and Christian Haefke.

Published 2008 by Centre for Economic Performance, London School of Economics and Political Science in London .
Written in English.

About the Book

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 perform a policy experiment to assess whether the decrease in trend unemployment during the 1980's and 1990's could be attributed to product market deregulation. Under a traditional calibration, our results suggest that a decrease of less than two-tenths of a percentage point of unemployment rates can be attributed to product market deregulation, a surprisingly small amount. Under a small surplus calibration, however, product market deregulation can account for the entire decline in US trend unemployment over the 1980's and 1990's.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"June 2008."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
CEP discussion paper -- no. 874

Classifications

Library of Congress
HC10

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL22649240M
LC Control Number
2008613838

History

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January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page