Eichhorst, Werner; Feil, Michael; Marx, Paul - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 61 (2010) Supplement, pp. 29-64
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 …
