The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s … percent. We examine whether relatively standard wage and employment equations can account for the volatile economic … demand equations suggest that cuts in working time may have slightly increased employment as firms substituted workers for …

(UI), and employment protection legislation (EPL). It is argued that research on UI is largely a success story, involving … result of frequent failures to find noticeable employment effects despite considerable effects on wages. EPL research has … established that employment protection reduces labor and job turnover but the jury is still out regarding the impact on overall …