TY  - RPRT
        AU  - Gersbach, Hans
AU  - Schniewind, Achim
        TI  - Product Market Reforms and Unemployment in Europe
        PY  - 2001/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 255
        UR  - https://www.iza.org/publications/dp255
        AB  - In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment positively or negatively.
        KW  - Product market competition
KW  - unemployment
KW  - mobility of labor force
KW  - political support for reforms
        ER  -