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Product and Labour Markets Interactions in OECD Countries

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Author Info
Giuseppe Nicoletti
Andrea Bassanini
Ekkehard Ernst
Sébastien Jean
Paulo Santiago
Paul Swaim ()

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Abstract

This paper analyses several of the cross-market effects of policies aimed at influencing outcomes in product and labour markets. Focusing on subsets of OECD countries, we look at the implications of product market competition for industry wages and overall employment, and the implications of labour market arrangements for industrial structure and innovation potential. We also look at the potential implications of regulatory reform for employment security and income inequality. We provide empirical evidence on long-run policy interactions by exploiting the cross-country and intersectoral dimensions of the data, though the analysis of employment uses also the time-series dimension. To this end, we rely on a large set of indicators of (economy-wide) labour market policies and institutions and (economy-wide, industry-specific and time-varying) product market regulations. We find that: (a) anticompetitive product market regulations have significant negative effects on non-agricultural ...

Interactions entre les marchés des produits et du travail dans les pays de l’OCDE

Ce papier analyse plusieurs effets inter-marchés que peuvent avoir des mesures de politique visant à influencer les résultats sur les marchés des produits et du travail. Nous concentrant sur un sous-ensemble de pays de l’OCDE, nous analysons les implications de la concurrence sur le marché des produits pour les salaires industriels et l’emploi total, et les implications des arrangements sur le marché du travail pour la structure industrielle et le potentiel d’innovation. Nous examinons également les implications potentielles de la réforme de la réglementation pour la sécurité de l’emploi et les inégalités des revenus. Nous avançons de l’évidence empirique concernant des interactions politiques à long terme en exploitant les dimensions transversales et intersectorielles de la base de données, bien que l’analyse du niveau de l’emploi utilise également la dimension temporelle. A cette fin, nous nous basons sur un large ensemble d’indicateurs de la réglementation et des institutions du ...

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Publisher Info
Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 312.

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Date of creation: 14 Dec 2001
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Handle: RePEc:oec:ecoaaa:312-en

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Related research
Keywords: réglementation industrial relations employment wage premia firm size industry specialisation innovation panel data relation du travail emploi primes salariales taille d'entreprise spécialisation industrielle innovation regulation

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Find related papers by JEL classification:
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives

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This page was last updated on 2008-11-17.


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