Labor and Product Market Deregulation: Partial, Sequential, or Simultaneous Reform?
This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction effect...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2005
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Schriftenreihe: | IMF Working Papers
Working Paper No. 05/227 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction effects. Based on these findings, the paper develops a theoretical framework for evaluating deregulation strategies in the presence of reform costs. Optimal deregulation takes various forms depending on the deregulation costs, the strength of reform interactions, and the perspective of the policymaker. Unless deregulation costs are very asymmetric across markets, optimal deregulation requires some form of coordination |
Beschreibung: | 1 Online-Ressource (35 p) |
ISBN: | 1451862466 9781451862461 |
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spelling | Berger, Helge Verfasser aut Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? Berger, Helge Washington, D.C International Monetary Fund 2005 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 05/227 This study explores the effects of labor and product market deregulation on employment growth. Our empirical results, based on an OECD country panel from 1990-2004, suggest that lower levels of product and labor market regulation foster employment growth, including through sizable interaction effects. Based on these findings, the paper develops a theoretical framework for evaluating deregulation strategies in the presence of reform costs. Optimal deregulation takes various forms depending on the deregulation costs, the strength of reform interactions, and the perspective of the policymaker. Unless deregulation costs are very asymmetric across markets, optimal deregulation requires some form of coordination Online-Ausg Danninger, Stephan Sonstige oth http://elibrary.imf.org/view/IMF001/04192-9781451862461/04192-9781451862461/04192-9781451862461.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Berger, Helge Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? |
title | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? |
title_auth | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? |
title_exact_search | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? |
title_exact_search_txtP | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? |
title_full | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? Berger, Helge |
title_fullStr | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? Berger, Helge |
title_full_unstemmed | Labor and Product Market Deregulation Partial, Sequential, or Simultaneous Reform? Berger, Helge |
title_short | Labor and Product Market Deregulation |
title_sort | labor and product market deregulation partial sequential or simultaneous reform |
title_sub | Partial, Sequential, or Simultaneous Reform? |
url | http://elibrary.imf.org/view/IMF001/04192-9781451862461/04192-9781451862461/04192-9781451862461.xml |
work_keys_str_mv | AT bergerhelge laborandproductmarketderegulationpartialsequentialorsimultaneousreform AT danningerstephan laborandproductmarketderegulationpartialsequentialorsimultaneousreform |