countries have experienced a steep increase in unemployment, employment in other developed economies has not fallen in parallel … with a significant decline in GDP. Our analysis shows that labor market institutions frequently used to study employment … performance can explain the development of unemployment in the situation of crisis in some clusters of countries much better than …

economic crisis that began in 2008. It starts from the observation that the decline in employment and rise in unemployment in … shows that, at least for the time being, unemployment increases have been contained in countries with comparatively strong … ; employment ; EPL ; institutions ; flexibility ; dual labour markets …

with particular emphasis on industrial relations, wage setting, unemployment benefits, employment protection and vocational … training. The paper shows that institutions determine the mode of adjustment to changing economic conditions and the role of …