Unemployment in Europe is excessively high on average, and is divergent across countries and population groups within … policies is needed to fight unemployment more effectively. …

results point out that EPL reforms achieve the largest reduction in unemployment when they are targeted to workers with lower …

-Pissarides economy with firm-specific productivity shocks. Our main theoretical results are twofold. First, unemployment is lower under … firm-level bargaining Second, introducing efficient opting-out of sector-level agreements suffices to bring unemployment … unemployment rate is about 5 percentage points lower under firm-level bargaining or efficient opting out than under sector …

-Pissarides economy with firm-specific productivity shocks. Our main theoretical results are two-fold. First, unemployment is lower under …-out of sector-level agreements suffices to bring unemployment down to its level under decentralized bargaining. …

Since the start of the Great Recession the unemployment rate in Spain has risen by almost 18 percentage points. The … unemployment crisis is affecting all population groups, including the more highly educated; but it is even more acute for the … foreign population, whose unemployment rate is close to 40%. This situation follows a period of very high immigration flows …