Firm entry deregulation, competition and returns to education and skill

Detalhes bibliográficos
Autor(a) principal: Ferreira, Priscila
Data de Publicação: 2013
Outros Autores: Fernandes, Ana P., Winters, L. Alan
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/23990
Resumo: This paper studies the effect of firm entry deregulation on the returns to skill and education. We use matched employer-employee data for the universe of workers and firms in Portugal and exploit a comprehensive episode of entry deregulation, unique in the industrialized world, as a quasi-natural experiment to investigate how increased competition affects wages. We find that after the reform the returns to a university degree increased by around 5 percent and the returns to skills increased by around 3 percent. We include match (worker-firm) fixed effects and thus identify the effect from individuals who stay in the same firm after the reform. Results are therefore not driven by changes in employment composition, and are supportive of education and skill becoming more valuable after the reform.
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spelling Firm entry deregulation, competition and returns to education and skillEntryDeregulationProduct market competitionWage structureRe-turns to educationThis paper studies the effect of firm entry deregulation on the returns to skill and education. We use matched employer-employee data for the universe of workers and firms in Portugal and exploit a comprehensive episode of entry deregulation, unique in the industrialized world, as a quasi-natural experiment to investigate how increased competition affects wages. We find that after the reform the returns to a university degree increased by around 5 percent and the returns to skills increased by around 3 percent. We include match (worker-firm) fixed effects and thus identify the effect from individuals who stay in the same firm after the reform. Results are therefore not driven by changes in employment composition, and are supportive of education and skill becoming more valuable after the reform.Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)Universidade do MinhoFerreira, PriscilaFernandes, Ana P.Winters, L. Alan2013-04-262013-04-26T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/23990enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:14:55Zoai:repositorium.sdum.uminho.pt:1822/23990Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:07:16.939253Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Firm entry deregulation, competition and returns to education and skill
title Firm entry deregulation, competition and returns to education and skill
spellingShingle Firm entry deregulation, competition and returns to education and skill
Ferreira, Priscila
Entry
Deregulation
Product market competition
Wage structure
Re-turns to education
title_short Firm entry deregulation, competition and returns to education and skill
title_full Firm entry deregulation, competition and returns to education and skill
title_fullStr Firm entry deregulation, competition and returns to education and skill
title_full_unstemmed Firm entry deregulation, competition and returns to education and skill
title_sort Firm entry deregulation, competition and returns to education and skill
author Ferreira, Priscila
author_facet Ferreira, Priscila
Fernandes, Ana P.
Winters, L. Alan
author_role author
author2 Fernandes, Ana P.
Winters, L. Alan
author2_role author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Ferreira, Priscila
Fernandes, Ana P.
Winters, L. Alan
dc.subject.por.fl_str_mv Entry
Deregulation
Product market competition
Wage structure
Re-turns to education
topic Entry
Deregulation
Product market competition
Wage structure
Re-turns to education
description This paper studies the effect of firm entry deregulation on the returns to skill and education. We use matched employer-employee data for the universe of workers and firms in Portugal and exploit a comprehensive episode of entry deregulation, unique in the industrialized world, as a quasi-natural experiment to investigate how increased competition affects wages. We find that after the reform the returns to a university degree increased by around 5 percent and the returns to skills increased by around 3 percent. We include match (worker-firm) fixed effects and thus identify the effect from individuals who stay in the same firm after the reform. Results are therefore not driven by changes in employment composition, and are supportive of education and skill becoming more valuable after the reform.
publishDate 2013
dc.date.none.fl_str_mv 2013-04-26
2013-04-26T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/23990
url http://hdl.handle.net/1822/23990
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)
publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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