This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …

This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

The paper questions the predominant view on unemployment and wages in the European Union according to which high … unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent market … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …