Front Matter Page
European Department
Authorized for distribution by Bob Traa
Contents
I. Introduction
II. The Theoretical Argument
III. Empirical Evidence: Employment Effects of Regulation
A. Data
B. Empirical Results
C. Robustness Checks
D. The Economic Impact of Deregulation
IV. Implications for the Political Economy of Deregulation
A. A Model of Costly Deregulation
B. Taxonomy of Optimal Reforms
C. Interpretation
D. Political Costs of Reform
E. Extensions and Caveats
V. Concluding Remarks
Appendix: Illustrating the Interaction Effect
References
Figures
1. Regulatory Reform and Employment
2. Policy Implications of Costly Deregulation
3. Policy Implications of Political Costs
Tables
1. Employment Growth and Regulation: Annualized Five-year Growth, 1990-2003
2. Employment Growth and Regulation: EPL Subindices, 1990-2004
3. Employment Growth and Regulation: Product Market Regulation Subindices, 1990-2004
4. Employment Growth and Regulation: Industry Level Data, 1980-98
5. Employment Effect from Partial and Comprehensive Deregulation