occupation when unemployment is high, if ex ante anticipation of draconic dismissal protection by employers causes low occupation … underlying the model shows that relaxing dismissal protection can make contribution to decrease unemployment under certain …

Almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …