volatility on labour markets in the CEECs is analysed, finding that volatility vis-à-vis the euro significantly lowers employment … growth and raises the unemployment rate. Hence, the elimination of exchange rate volatility can be considered equally … important for labour markets as a removal of employment protection legislation. …

the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher … accounting for the effects of unemployment on individual wages using EU-SILC data. Across countries we find a high variation of … the effect of education on unemployment duration. Overall, the returns to education are estimated to be the highest in the …