-time employment are mostly driven by worker transitions in and out of unemployment and nonparticipation. Thus, part-time work …

could lead to more unemployment. This long run effect vanishes under the Phillips specification. On the whole, the final … effect upon unemployment depends on agents' bargaining preferences during wage negotiations: the further from labor cost they … negotiate (thus the closer to net income), the higher the risk that demographic change ultimately leads to more unemployment. …

. Thus, such reforms are not sufficient by themselves to reduce the unemployment rate and to stimulate production and …

curve, which draws the classical inverse relation between the job vacancy rate and the unemployment rate, before, during …