Imperfect goods and labor markets, regulation, and spillover effects
- (De)regulatory interventions frequently have unintended cross- market effects, which may or may not be desirable. We assess the effects of three policies on aggregate variables, in particular real income, from a theoretical perspective. Our results suggest that instruments acting upon wages have only a weak impact on real income, whereas the distribution of income is affected strongly. In contrast, a policy that enhances product market competition is fostering real income, but also impacts strongly on union wages and the distribution of income.
| Author details: | Helge SannerGND |
|---|---|
| URN: | urn:nbn:de:kobv:517-opus-13951 |
| Publication series (Volume number): | Volkswirtschaftliche Diskussionsbeiträge (56) |
| Publication type: | Working Paper |
| Language: | English |
| Publication year: | 2003 |
| Publishing institution: | Universität Potsdam |
| Release date: | 2007/06/11 |
| RVK - Regensburg classification: | QD 100 |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
| DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| External remark: | Sanner, Helge: Imperfect goods and labor markets, regulation, and spillover effects / Helge Sanner. - Potsdam : Univ., 2003. - 24 Bl. : graph. Darst. (Volkswirtschaftliche Diskussionsbeiträge : Diskussionsbeitrag ; 56) |
