Employment Effects of Product and Labour Market Reforms: Are There Synergies?

26 Pages Posted: 19 Jan 2012

See all articles by Giuseppe Fiori

Giuseppe Fiori

Boston College

Giuseppe Nicoletti

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO)

Stefano Scarpetta

OECD, Directorate for Employment, Labour and Social Affairs; IZA Institute of Labor Economics

Fabio Schiantarelli

Boston College - Department of Economics; IZA Institute of Labor Economics

Date Written: February 2012

Abstract

This article investigates the effect of product market liberalisation on employment allowing for interactions between policies and institutions in product and labour 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 labour market regulation is high. The data also suggest that product market liberalisation may promote employment‐enhancing labour market reforms.

Suggested Citation

Fiori, Giuseppe and Nicoletti, Giuseppe and Scarpetta, Stefano and Schiantarelli, Fabio, Employment Effects of Product and Labour Market Reforms: Are There Synergies? (February 2012). The Economic Journal, Vol. 122, Issue 558, pp. F79-F104, 2012, Available at SSRN: https://ssrn.com/abstract=1987960 or http://dx.doi.org/10.1111/j.1468-0297.2011.02494.x

Giuseppe Fiori (Contact Author)

Boston College ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

HOME PAGE: http://fmwww.bc.edu/fmrc/contact/show_book.php?firstname=Giuseppe&lastname=Fiori&catid=2

Giuseppe Nicoletti

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO) ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France
+33 1 4524 8730 (Phone)
+33 1 4524 1347 (Fax)

Stefano Scarpetta

OECD, Directorate for Employment, Labour and Social Affairs ( email )

2 rue Andre Pascal
Paris Cedex 16, 75016
France
+33 1 45 24 19 88 (Phone)
+33 1 45 24 18 59 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Fabio Schiantarelli

Boston College - Department of Economics ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States
617-552-4512 (Phone)
617-552-2308 (Fax)

HOME PAGE: http://https://sites.google.com/a/bc.edu/fabio-schiantarelli/

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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