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This paper studies the effects of product and labour market deregulation on wage inequality and welfare. By constructing an analytically tractable model in which the level of product market competition and the wages are endogenously distributed, I show that even though deregulation in labour...
Persistent link: https://www.econbiz.de/10005008079
In this paper, I construct a general equilibrium model in which the labour market exhibits search frictions, whereas Cournot competition is assumed in the goods market. The properties of the long run free-entry equiibrium show that a more competitive product market raises employment, but it has...
Persistent link: https://www.econbiz.de/10004984695
Emigration affects institutions at home in a number of ways. While people may have fewer incentives to voice when they … institutions in the home country. We find that both openess to migration and human capital have a positive impact on institutions … simulations confirm that the brain drain has an ambiguous impact on institutions, though a significant institutional gain obtains …
Persistent link: https://www.econbiz.de/10008673436
En contre-pied des interprétations mettant l'accent sur les ruptures et transformations successives dans la pensée hayekienne, notre objectif est de mettre en évidence un élément central de continuité dans l'analyse économique de Hayek. La constance de sa position normative...
Persistent link: https://www.econbiz.de/10004985401