We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …

This paper presents information on wage bargaining institutions, collected using a standardised questionnaire. Our data …-setting institutions. …

We study how unemployment affects the over-indebtedness of households using the new European Household Finance and … household indebtedness in its most severe form. We also examine the role that each country's legal and economic institutions … to country specific results, the role of unemployment varies widely across countries. In Spain, France or Portugal, for …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …