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Barriers to entry, deregulation and workplace training: a theoretical model with evidence from Europe

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Barriers to entry, deregulation and workplace training: a theoretical model with evidence from Europe. / Bassanini, Andrea; Brunello, Giorgio.
In: European Economic Review, Vol. 55, No. 8, 12.2011, p. 1152-1176.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Bassanini, A & Brunello, G 2011, 'Barriers to entry, deregulation and workplace training: a theoretical model with evidence from Europe', European Economic Review, vol. 55, no. 8, pp. 1152-1176. https://doi.org/10.1016/j.euroecorev.2011.05.004

APA

Bassanini, A., & Brunello, G. (2011). Barriers to entry, deregulation and workplace training: a theoretical model with evidence from Europe. European Economic Review, 55(8), 1152-1176. https://doi.org/10.1016/j.euroecorev.2011.05.004

Vancouver

Bassanini A, Brunello G. Barriers to entry, deregulation and workplace training: a theoretical model with evidence from Europe. European Economic Review. 2011 Dec;55(8):1152-1176. doi: 10.1016/j.euroecorev.2011.05.004

Author

Bassanini, Andrea ; Brunello, Giorgio. / Barriers to entry, deregulation and workplace training : a theoretical model with evidence from Europe. In: European Economic Review. 2011 ; Vol. 55, No. 8. pp. 1152-1176.

Bibtex

@article{2491d4f3d64c4556a4f9a57a41d2baed,
title = "Barriers to entry, deregulation and workplace training: a theoretical model with evidence from Europe",
abstract = "We study the impact of regulatory barriers to entry on workplace training. We develop a model of training in imperfectly competitive product and labour markets. The model indicates that there are two contrasting effects of deregulation on training. As stressed in the literature, with a given number of firms, deregulation reduces the size of rents per unit of output that firms can reap by training their employees. Yet, the number of firms increases following deregulation, thereby raising output and profit gains from training and improving investment incentives. The latter effect prevails. In line with the predictions of the theoretical model, we find that the substantial deregulation in the 1990s of heavily regulated European industries (energy, transport and communication) increased training incidence.",
author = "Andrea Bassanini and Giorgio Brunello",
year = "2011",
month = dec,
doi = "10.1016/j.euroecorev.2011.05.004",
language = "English",
volume = "55",
pages = "1152--1176",
journal = "European Economic Review",
issn = "0014-2921",
publisher = "Elsevier",
number = "8",

}

RIS

TY - JOUR

T1 - Barriers to entry, deregulation and workplace training

T2 - a theoretical model with evidence from Europe

AU - Bassanini, Andrea

AU - Brunello, Giorgio

PY - 2011/12

Y1 - 2011/12

N2 - We study the impact of regulatory barriers to entry on workplace training. We develop a model of training in imperfectly competitive product and labour markets. The model indicates that there are two contrasting effects of deregulation on training. As stressed in the literature, with a given number of firms, deregulation reduces the size of rents per unit of output that firms can reap by training their employees. Yet, the number of firms increases following deregulation, thereby raising output and profit gains from training and improving investment incentives. The latter effect prevails. In line with the predictions of the theoretical model, we find that the substantial deregulation in the 1990s of heavily regulated European industries (energy, transport and communication) increased training incidence.

AB - We study the impact of regulatory barriers to entry on workplace training. We develop a model of training in imperfectly competitive product and labour markets. The model indicates that there are two contrasting effects of deregulation on training. As stressed in the literature, with a given number of firms, deregulation reduces the size of rents per unit of output that firms can reap by training their employees. Yet, the number of firms increases following deregulation, thereby raising output and profit gains from training and improving investment incentives. The latter effect prevails. In line with the predictions of the theoretical model, we find that the substantial deregulation in the 1990s of heavily regulated European industries (energy, transport and communication) increased training incidence.

U2 - 10.1016/j.euroecorev.2011.05.004

DO - 10.1016/j.euroecorev.2011.05.004

M3 - Journal article

VL - 55

SP - 1152

EP - 1176

JO - European Economic Review

JF - European Economic Review

SN - 0014-2921

IS - 8

ER -