, and (iii) employment protection - shape fiscal multipliers and output volatility. Our theoretical model highlights that … emanate from employment protection, followed by union density. While some labor market institutions mitigate the …

best-performing EU countries. We find a general trade-off between an increase in employment for a particular group and the … income of the average group member relative to income per capita. Reforms that increase employment of lowand medium …-skilled workers imply a trade-off between employment and wages in the low- and medium-skilled group, due to the increase in the skill …

, resulting in gains in terms of both employment and wages for natives, which does not hold for documented immigration. Stricter …

-factor productivity, capital deepening and employment) for an almost complete set of OECD countries, ii.) non-linear results on how …

effects on physical capital, employment and productivity through a production function. On the basis of reforms defined as … impacts. By contrast, the long-term impact of policies coming only via the employment rate channel materialises at shorter …