Helpman, Elhanan; Itskhoki, Oleg - C.E.P.R. Discussion Papers - 2009
vacancies, firing costs, and unemployment benefits. We study the interaction of labor market rigidities and trade impediments in … labor market institutions do not ensure lower unemployment, and unemployment and welfare can both rise in response to a … competition, search and matching in its labor market, and wage bargaining. Some of the workers searching for jobs end up being …