IDEAS home Printed from https://ideas.repec.org/p/oec/ecoaaa/318-en.html
   My bibliography  Save this paper

Product Market Regulation and Wage Premia in Europe and North America: An Empirical Investigation

Author

Listed:
  • Sébastien Jean
  • Giuseppe Nicoletti

Abstract

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 ... Régulation des marchés des biens et rentes salariales en Europe et en Amérique du nord : Une analyse empirique Cette étude utilise une nouvelle base de données internationale concernant les régulations sectorielles pour explorer le lien entre les primes salariales et quelques unes des politiques qui affectent les rentes dans les marchés des produits. Les primes salariales horaires dans plusieurs industries manufacturières et non manufacturières sont estimées à partir de données détaillées sur les salaires par catégories de travailleurs (âge, sexe, éducation et type de contrat) dans 12 pays Européen et de l’Amérique du Nord en (ou aux environs de) 1996. Les effets des régulations sur ces primes salariales sont ensuite estimées en utilisant des méthodes économétriques de panel. Nous trouvons que les régulations qui réduisent la concurrence ont un impact positif et significatif sur les primes salariales dans les industries manufacturières et non manufacturières. Dans ces dernières, toutefois, cet effet est partiellement compensé par un effet négatif et significatif des monopoles publics légaux ...

Suggested Citation

  • Sébastien Jean & Giuseppe Nicoletti, 2002. "Product Market Regulation and Wage Premia in Europe and North America: An Empirical Investigation," OECD Economics Department Working Papers 318, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:318-en
    DOI: 10.1787/016668388552
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/016668388552
    Download Restriction: no
    File URL: https://libkey.io/10.1787/016668388552?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    competition; concurrence; données de panel; panel data; partage des rentes; regulation; rent sharing; rentes salariales; régulation; wage premia;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:318-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/edoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.