The common view that far-reaching labour market deregulation is the only remedy for high European unemployment is too …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …

, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …

increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …

employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …