Employment Protection Deregulation and Labor Shares in Advanced Economies
发达经济体就业保护放松与劳动份额
Abstract This paper assesses the impact of job protection deregulation on the labor share in a sample of 26 advanced economies during the 1970–2013 period, using a newly constructed dataset of major reforms in this area. We employ a difference-in-differences identification strategy using two identifying assumptions grounded in theory—deregulation has larger effects in industries characterized by (i) a higher “natural” propensity to regularly adjust the workforce and (ii) a…