| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5650 |
| DP5650 Distribution Margins, Imported Inputs and the Insensitivity of the CPI to Exchange Rates | |
| Linda Goldberg; José Manuel Campa | |
| 发表日期 | 2006-04-19 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market institutions. We use differential changes in regulations across OECD countries over the 1980s and 1990s to identify the effects of competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with labour market institutions that increase worker bargaining power. The theoretical intuition is that both firms with market power and unions with bargaining power are constrained in their behaviour by the elasticity of demand in the product market. We also find that the effect of increased competition on real wages is beneficial to workers, but less so when they have high bargaining power. Intuitively, real wages increase through a drop in the general price level, but workers with bargaining power lose out somewhat from a reduction in the rents that they had previously captured. |
| 主题 | Labour Economics |
| 关键词 | Product market regulation Competition Wage bargaining Unemployment |
| URL | https://cepr.org/publications/dp5650 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534488 |
| 推荐引用方式 GB/T 7714 | Linda Goldberg,José Manuel Campa. DP5650 Distribution Margins, Imported Inputs and the Insensitivity of the CPI to Exchange Rates. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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