Research Catalog
Product Market Regulation and Wage Premia in Europe and North America An Empirical Investigation
- Title
- Product Market Regulation and Wage Premia in Europe and North America [electronic resource]: An Empirical Investigation / Sébastien Jean and Giuseppe Nicoletti
- Author
- Jean, Sébastien.
- Publication
- Paris : OECD Publishing, 2002.
Available Online
Details
- Additional Authors
- Nicoletti, Giuseppe.
- Description
- 34 p.; 21 x 29.7cm.
- Summary
- Using new cross-country data on industry-specific product market regulations, this paper investigates the relationship between wage premia and some of the policy determinants of product market rents. Hourly wage premia in 2-digit manufacturing and non-manufacturing industries are estimated from detailed data on wage earnings in (or around) 1996 by category of worker (age, sex, education and type of contract) in 12 European and North-American countries. The effects of regulation on these wage premia are estimated by panel data regression techniques. We find that product market regulation restricting competition has a significant positive impact on wage premia in both manufacturing and non-manufacturing industries. However, in the latter industries, this effect is offset by a negative effect of legal public monopolies on wage premia. Since public ownership per se shows no relation to premia, we interpret this result as evidence of either a low-productivity trap due to x-inefficiency ...
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.318
- Uniform Title
- OECD Economics Department Working Papers, no.318.
- Subject
- Economics
- LCCN
- 10.1787/016668388552
- OCLC
- oecd-lib-004751
- Author
- Jean, Sébastien.
- Title
- Product Market Regulation and Wage Premia in Europe and North America [electronic resource]: An Empirical Investigation / Sébastien Jean and Giuseppe Nicoletti
- Imprint
- Paris : OECD Publishing, 2002.
- Series
- OECD Economics Department Working Papers, 1815-1973 ; no.318OECD Economics Department Working Papers, 1815-1973 ; no.318.
- Connect to:
- Indexed Term
- Economics
- Added Author
- Nicoletti, Giuseppe.
- Other Standard Identifier
- 10.1787/016668388552 doi