%0 Report
        %A Amable, Bruno
%A Gatti, Donatella
        %T Labour and Product Market Reforms: A Case for Policy Complementarity
        %D 2004
        %8 2004 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1190
        %U https://www.iza.org/publications/dp1190
        %X This paper is a contribution to the debate on policy complementarity in relation to
deregulation in the product and labour markets. We develop a model of dynamic efficiency
wages and monopolistic competition. Whereas most of the literature points toward the gains
associated to an increase in product market competition coupled with an increased flexibility
of the labour market, we show that even when more product market competition is the policy
recommendation, it should be accompanied by an increase in job security.
        %K imperfect competition
%K efficiency wage
%K job protection legislation
%K policy complementarity