How do changes in labor market institutions, like more generous unemployment benefits in one country, affect labor … markets. Contrary to the literature, higher labor market frictions increase unemployment at home and abroad. The strength of …. Using panel data for 20 rich OECD countries, and controlling for institutions as well as for business cycle comovement, we …

the root of the rising trend in unemployment will persist. As exchange rates cannot serve to compensate different wage …

replacement incomes implies migration into unemployment. Defending wages with replacement incomes brings about first …