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BEGIN:VEVENT
UID:c35c2f40ec47e0c4e1d9d79bda617c6b
CATEGORIES:Seminars
CREATED:20260902T064825
SUMMARY:Lunch Seminar: Gaetano Basso - Bank of Italy
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><span style="font-size: 11pt; font-family: Calibri, sans-serif;">Entry R
 egulation and Labour Market Power: Evidence from the Italian Service Sector
 </span></p><p>Abstract:</p><p style="text-align: justify;"><span lang="EN-G
 B" style="font-size: 11.0pt; font-family: 'Calibri',sans-serif; mso-fareast
 -font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-ansi-langua
 ge: EN-GB; mso-fareast-language: IT; mso-bidi-language: AR-SA;">We provide 
 new evidence on the effects of lowering barriers to firm entry on employers
 ' monopsonistic power in the labour market. We exploit a wave of product-ma
 rket deregulation reforms introduced in Italian service sectors between 201
 0 and 2015 and administrative data at both firm and worker-level. Combining
  a fine-sector index of entry regulation with a difference-in-differences d
 esign for continuous treatment variation, we estimate the effects of deregu
 lation on markups, wage markdowns, full-time equivalent wages, and job-sepa
 ration elasticities. We find that deregulation lowered wage markdowns and r
 aised wages and employment. The decrease in employers' monopsonistic power 
 is also corroborated by an increase in labour supply elasticity estimated f
 rom job separations. Product-market deregulation may therefore improve work
 ers' welfare by intensifying competition among employers.</span></p>
DTSTAMP:20261001T025636Z
DTSTART:20261028T163000Z
DTEND:20261028T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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