Did European Labour Markets Become More Competitive in the 1990'S? Evidence from Estimated Worker Rents

Saint-Paul, Gilles

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Did European Labour Markets Become More Competitive in the 1990'S? Evidence from Estimated Worker Rents

26 Pages Posted: 4 May 2004

See all articles by Gilles Saint-Paul

Gilles Saint-Paul

University of Toulouse I - GREMAQ-IDEI; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); IZA Institute of Labor Economics

Date Written: March 2004

Abstract

This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the European Household Panel Survey. I look at two classes of measures: wage differentials between workers along industry and firm size dimensions; and estimated welfare differences between employed and unemployed using a model of labour market transitions. The results are largely negative; there is robust evidence of falling rents during that period only in Ireland.

Keywords: Unemployment, insiders, rents, labour market flexibility

JEL Classification: D30, E24, J30

Suggested Citation: Suggested Citation

Saint-Paul, Gilles, Did European Labour Markets Become More Competitive in the 1990'S? Evidence from Estimated Worker Rents (March 2004). Available at SSRN: https://ssrn.com/abstract=539721