Joint Determination of Product and Labor Market Policies in a Model of Rent Creation and Division PRELIMINARY: PLEASE CONTACT THE AUTHORS BEFORE CITING
نویسندگان
چکیده
We find that, across OECD countries, there is a strong link between the rate of self employment and the intensity of both productand labor-market regulations. The sensitivity of the self-employment rate to regulation appears greater in terms of statistical significance and magnitude than the sensitivity of unemployment. We then develop a model of rent creation and division featuring product and labor market policies. The calibrated model accounts broadly for these features of the data. We also use the model to look at the effect of labor market and product market regulations on the different constituencies in the economy. JEL Codes: D45, D72, E24, J65, L26, L51.
منابع مشابه
Optimal Manufacturer-Retailer Policies in a Supply Chain with Defective Product and Price Dependent Demand
This study deals with a two-level supply chain consisting of one manufacturer and one retailer. We consider an integrated production inventory system where the manufacturer processes raw materials in order to deliver finished product with imperfect quality to the retailer, where number of defective product has a uniform distribution. The retailer receives product and conducts a 100% inspection....
متن کاملThe Size of Rent-seeking Activity in Iran's Foreign Trade Sector: An Application of the DSGE Approach
Rent-seeking in the trade sector is an outcome of restrictions imposed on tariffs and import quotas by a government. In an effort to acquire more privilege in foreign trade, labor allocates a part of its time-effort to rent-seeking activity, while cutting down on production work. Given the importance of rent-seeking activity due to restrictions imposed by the government in the Iranian economy, ...
متن کاملCompetencies of Personnel in Economy 4.0: Challenges and Solutions
The article is dedicated to the analysis of the transformation of the worker’s competencies model in the Economy 4.0 conditions, to the identification of the causes for the increase of the labor redundancy and mismatch on the labor market. The authors identified key competencies that are important for Ukrainian businesses and made a forecast of required competencies for 2030. The analysis of th...
متن کاملAn EPQ Model for Product Life Cycle (Maturity Stage) with Deteriorating Items and Shortages
A product life cycle is the life span of a product in which the period begins with the initial product specification and ends with the withdrawal from the market of both the product and its support. A product life cycle can be divided into several stages characterized by the revenue generated by the product. This study investigates inventory control policies in a manufacturing system for a si...
متن کاملThe Effect of Local Labor Markets on College Enrollment
A number of authors have investigated whether aggregate and! or local labor market conditions affect college enrollment, hut the results across studies are very inconsistent. There are two shortcomings in the previous studies that may explain the weak correlation between labor market opportunities and college enrollment. First, we will use the unique structure of the HS & B to construct unemplo...
متن کامل