全球智库信息集成服务系统(G2TT): Product Market Regulation and Market Work: A Benchmark Analysis

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w12891
来源ID	Working Paper 12891
	Product Market Regulation and Market Work: A Benchmark Analysis
	Lei Fang; Richard Rogerson
发表日期	2007-02-06
出版年	2007
语种	英语
摘要	Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation. We find that product market regulations affect time devoted to market work in effectively the same fashion as do taxes on labor income or consumption. In particular, if product market regulations are to affect aggregate market work in this model the key driving force is the size of income transfers associated with the regulation relative to labor income, and the key propagation mechanism is the labor supply elasticity. We show in a two sector model that industry level analysis is of little help in assessing the aggregate effects of product market regulation.
主题	Macroeconomics ; Consumption and Investment ; Industrial Organization ; Regulatory Economics
URL	https://www.nber.org/papers/w12891
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/570557
推荐引用方式 GB/T 7714	Lei Fang,Richard Rogerson. Product Market Regulation and Market Work: A Benchmark Analysis. 2007.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w12891.pdf（521KB）	智库出版物		限制开放	CC BY-NC-SA	浏览