positive links between employment protection, depression and the consumption of various psychotropic drugs. Tenure and firm …Unlike many other contracts, employment contracts are subject to various external administrative procedures governing … Health Survey) including details on work-related stress and the consumption of various medications, including anti …

, unemployment and capital accumulation. First, we recover the partial equilibrium over-employment phenomenon put to the fore by …. Further, with heterogeneous labour, higher relative bargaining power for some groups leads quite generally to over-employment … of workers is actually detrimental to employment when labour is considered as an homogeneous input. Finally, the hold …

little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration … of jobs) favours specific human capital investments. This conjecture provides, among other things, a rationale for … differences in labour mobility and reallocation costs, which are typically ignored in American ‘International Trade’ textbooks yet …

Labour market frictions are not the only possible source of high unemployment. Credit market imperfections, driven by … tractable macroeconomic model, we treat credit and labour market imperfections in a symmetrical way. Accordingly, we introduce … frictions, in the spirit of Diamond (1990). These imperfections mirror job search frictions in the labour market. We study the …

unemployment duration spells, relatively large wage penalties when changing jobs and higher likelihood of leaving activity for … and persistent unemployment compared to Estonia during the period of EU enlargement. Traditional labour market … institutions (wage rigidity and employment protection) increased, but to a much lesser extent, the unemployment gap. …