the employment performances of those countries. Moreoever, these institutions act asymmetrically along the business cycle …

impact of labour market institutions from 1960 to 1994. The main contribution of the paper is to show that labour market …. These results are consistent with the findings of a companion paper (Nickell et al., 2001) where the effects of institutions … on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions …

British regions display persistent differences in both earnings and unemployment rates. A number of studies have found … that in general, regions that have high unemployment tend to have low wages. This runs contrary to a compensating … differentials argument that high wages should compensate for high unemployment. However, levels of labour mobility in Britain, and …

growth was high investment, and that this high investment was made possible by certain institutions that were particularly … well suited to reconstruction and growth. On the domestic side, these institutions led to high investment rates and …