Vi. the Cross-market Effects of Product and Labour Market Policies
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چکیده
Product and labour market reforms are likely to have significant cross-market effects OECD countries have pursued product and labour market reforms over the past two decades to increase employment and enhance productive efficiency. For example, countries have adjusted their employment protection and minimum wage legislation, reformed their benefits systems and modified their tax policies with the aim of reducing unemployment and stimulating labour force participation. Moreover, many OECD countries have initiated pro-competitive regulatory reforms of product markets, leading to positive effects on productivity and consumer welfare. However, little attention has been paid to the potential impact of product market regulations on labour market outcomes or of labour market policies and institutions on product market performance.
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