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August 25, 2020

Blijvende economische schade van de coronacrisis

Publication (in Dutch only)

Langdurige schade economie wegens corona crisis door lagere productiviteitsgroei.

February 18, 2020

Markups in a dual labour market: the case of the Netherlands

Publication

We follow the production function approach to assess markups, which requires the estimation of the output elasticity of a free input. In the basic setup we estimate a structural value added production function, using temporary contract hours as free input. We find rather stable markups in the Netherlands in the period 2006-2016. We show that extending the free variable incorrectly with fixed contract hours results in an increasing markup.