Stähler, Nikolai (contributor) - 2005
), Equilibrium Unemployment Theory. Cambridge USA: MIT Press.
Pissarides, C. (2001), Employment Protection. Labour Economics, Vol. 8 …. Unemployment exists
due to market frictions and matching problems between employers and employees. There
are two separate labour … markets, one for the low-skilled and one for the high-skilled. Once
educated, high-skilled workers do not move into the low …