We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that … exercises suggest that redundancy transfers and administrative dismissal restrictions have negligeable unemployment effects when … wages are flexible or when the minimum wage is low, but a dramatic positive impact on unemployment when there is a high …

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment …