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 …

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 …

Important explanation factors for the development of the rate of unemployment are labour market institutions. This … by three aspects: 1) We do not use the actual rate of unemployment or averages about several years, but her trend … component. 2) We use a long estimation period from 1960 to 2000 what guarantees enough variation of the institutions within the …