-liberal argument that strictness of employment protection hurts labour through increased long-term and youth unemployment rates. While … it finds no empirical basis for this orthodox standpoint it observes that long-term unemployment dampens aggregate … production which in turn aggravates unemployment problem. …

and grant less protection to labourers. It also supports the proposition that the problem of unemployment is more acute in … regulation and unemployment rate. Hence, we conclude that the explanation of more acute unemployment problem in France and …