TY  - RPRT
        AU  - Fiori, Giuseppe
AU  - Nicoletti, Giuseppe
AU  - Scarpetta, Stefano
AU  - Schiantarelli, Fabio
        TI  - Employment Outcomes and the Interaction Between Product and Labor Market Deregulation: Are They Substitutes or Complements?
        PY  - 2007/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2770
        UR  - https://www.iza.org/publications/dp2770
        AB  - This paper provides a systematic empirical investigation of the effect of product market liberalization on employment when there are interactions between policies and institutions in product and labor markets. Using panel data for OECD countries over the period 1980-2002, we present evidence that product market deregulation is more effective at the margin when labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor market deregulation. We show that these results are mostly consistent with the basic predictions of a standard bargaining model, such as Blanchard and Giavazzi (2003), extended to allow for a richer specification of the fall back position of the union and for taxation.
        KW  - liberalization
KW  - competition
KW  - employment
KW  - unions
KW  - deregulation
        ER  -