?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F2216%2F&rft.title=Employment+protection+and+product+market+regulation&rft.creator=Koeniger%2C+Winfried&rft.creator=Vindigni%2C+Andrea&rft.subject=HB+Economic+Theory&rft.description=Product+market+regulation+and+employment+protection+are+highly+correlated+across+OECD+countries.+Using+an+augmented+model+of+monopolistic+competition+we+show+why+in+countries+with+more+regulated+product+markets%2C+incumbent+workers+prefer+to+protect+jobs+relatively+more.+Product+market+regulation+increases+the+scope+for+employment+protection+because+firms+can+bear+the+cost+of+employment+protection+more+easily+and+still+break+even.+Moreover%2C+product+market+regulation+decreases+employment+so+that+the+workers'+outside+option+becomes+relatively+worse.+This+increases+the+incentive+to+protect+the+job.&rft.publisher=IZA+Discussion+paper&rft.date=2003-10&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.identifier=++Koeniger%2C+Winfried+and+Vindigni%2C+Andrea++Employment+protection+and+product+market+regulation.++Discussion+Paper++%23880%2F2003++++IZA+Discussion+paper+++++++++&rft.relation=http%3A%2F%2Fwww.iza.org%2Fen%2Fwebcontent%2Fpublications%2Fpapers%2FviewAbstract%3Fdp_id%3D880