This article investigates the effect of product market liberalisation on employment allowing for interactions between policies and institutions in product and labour markets. Using panel data for OECD countries over the period 1980–2002, we present evidence that product market deregulation is more effective at the margin when labour market regulation is high. The data also suggest that product market liberalisation may promote employment‐enhancing labour market reforms.
Employment Effects of Product and Labour Market Reforms: Are there Synergies?
Stefano Scarpetta;
2012-01-01
Abstract
This article investigates the effect of product market liberalisation on employment allowing for interactions between policies and institutions in product and labour markets. Using panel data for OECD countries over the period 1980–2002, we present evidence that product market deregulation is more effective at the margin when labour market regulation is high. The data also suggest that product market liberalisation may promote employment‐enhancing labour market reforms.File in questo prodotto:
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