TY  - RPRT
        AU  - Amable, Bruno
AU  - Gatti, Donatella
        TI  - Labour and Product Market Reforms: A Case for Policy Complementarity
        PY  - 2004/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1190
        UR  - https://www.iza.org/publications/dp1190
        AB  - 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.
        KW  - imperfect competition
KW  - efficiency wage
KW  - job protection legislation
KW  - policy complementarity
        ER  -