EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

single contract type. Calibrating our model to Spain, we find that unemployment fluctuates 21% more under duality than it … average unemployment rate. In our setup, employment grows gradually in booms, due to matching frictions, whereas the onset of … the dual economy, and therefore decreases volatility. Unfortunately, it also raises unemployment; to avoid this …

Courts has not substantially increased, although it is now less negatively associated with the local unemployment rate than …

potential equilibria, the unemployment rates of the different types of workers, the degree of wage inequality, and the response …

This paper studies the effect of labor market reform, in the form of reductions in firing costs and unemployment …