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Home | News | Paper by alumnus Gabriele Ciminelli accepted for The Review of Economics and Statistics
News | November 12, 2020

Paper by alumnus Gabriele Ciminelli accepted for The Review of Economics and Statistics

A chapter of the PhD thesis by alumnus Gabriele Ciminelli has been accepted for publication in The Review of Economics and Statistics and is now online. The paper ‘Employment Protection Deregulation and Labor Shares in Advanced Economies' is co-authored with Romain Duval and Davide Furceri.

Paper by alumnus Gabriele Ciminelli accepted for The Review of Economics and Statistics

Gabriele is a TI research master graduate (2015) and carried out his PhD research at the University of Amsterdam under the supervision of research fellow Massimo Giuliodori

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-indifferences 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 lower elasticity of substitution between capital and labor. We find significant negative effects of deregulation on the labor share, contributing to about a tenth of its observed decline in advanced economies.

Read full paper here.

Article Citation:
Gabriele Ciminelli, Romain Duval and Davide Furceri, “Employment Protection Deregulation and Labor Shares in Advanced Economies”, The Review of Economics and Statisticshttps://doi.org/10.1162/rest_a_00983