文章基本信息

标题：Product Market Regulation and Wage Premia in Europe and North America
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作者：Sébastien Jean ; Giuseppe Nicoletti
期刊名称：Economics Department Working Papers / OECD
印刷版ISSN：0259-4633
出版年度：2002
卷号：2002
DOI：10.1787/016668388552
出版社：Organisation for Economic Co-operation and Development (OECD)
摘要：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 ...
关键词：competition; panel data; regulation; rent sharing; wage premia