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Sectoral productivity and employment: the impact of product and labour market reforms
Orientador(es)
Resumo(s)
This paper examines the impact of labour and product market reforms on sectoral employment
and productivity, following a difference-in-differences approach. Using industry-level data for
the period 1997-2013, we show that employment protection deregulation has a positive effect
on the growth rate of employment, for industries more exposed to labour market legislation,
despite not having any impact on productivity. Upstream product market deregulation increases
sectoral employment growth, especially for the more exposed downstream sectors.
Nevertheless, it has mixed effects on sectoral productivity growth: while upstream sectors face
productivity losses (as only the most efficient firms are able to thrive), the downstream sectors,
more exposed to the deregulated sectors, are able to grasp productivity gains.
Descrição
Palavras-chave
Labour market reforms Product market reforms Employment Productivity