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Firm entry deregulation, competition and returns to education and skill

journal contribution
posted on 2023-06-09, 00:25 authored by L. Alan WintersL. Alan Winters, Ana P Fernandes, Priscila Ferreira
This paper studies the effect of firm entry deregulation on the returns to skill and education. We exploit a comprehensive episode of entry deregulation, unique in the industrialized world, as a quasi-natural experiment. Using matched employer–employee data for the universe of workers and firms in Portugal, we show that increased product market competition, which resulted from deregulation, increased the returns to a university degree and the returns to skill. We verify that our results are not driven by changes in employment composition, and are unlikely to be driven by skill-biased technical change, or by workers who change skill levels after the deregulation.

History

Publication status

  • Published

File Version

  • Published version

Journal

European Economic Review

ISSN

0014-2921

Publisher

Elsevier

Volume

70

Page range

210-230

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2016-03-03

First Compliant Deposit (FCD) Date

2021-03-04

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