Price-cost margin and bargaining power in the European Union / Ana Cristina Soares
Loading...
Download740.85 KB
Price-cost margin and bargaining power in the European Union
Discovery
1664558179
URN
urn:nbn:de:gbv:3:2-107475
DOI
ISBN
ISSN
Koordinaten
Skalierung
Author
dc.contributor.contributor
Other contributor
Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH), Member of the Leibniz Association, 30. April 2019
Content
1 Online-Ressource (III, 50 Seiten, 0,72 MB) : Diagramme
Edition
Language
eng
Comment
Abstract
Using firm-level data between 2004 and 2012 for eleven countries of the European Union (EU), we document the size of product and labour market imperfections within narrowly defined sectors including services which are virtually undocumented. Our findings suggest that perfect competition in both product and labour markets is widely rejected. Levels of the price-cost margin and union bargaining power tend to be higher in some service sectors depicting however substantial heterogeneity. Dispersion within sector and across countries tends to be higher in some services sectors assuming a less tradable nature which suggests that the Single Market integration is partial particularly relaxing the assumption of perfect competition in the labour market. We report also figures for the aggregate economy and show that Eastern countries tend to depict lower product and labour market imperfections compared to other countries in the EU. Also, we provide evidence in favour of a very limited adjustment of both product and labour market imperfections following the international and financial crisis.
Series
IWH-CompNet discussion papers ; 2019, no. 4 (April 2019) ppn:887996302