reduces equilibrium unemployment under circumstances with sufficiently "rigid" labour market institutions, i.e. sufficiently …

We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous … equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is … long-run equilibrium unemployment is an increasing function of product market imperfections when the elasticity exceeds …

We study the role of labour and credit market imperfections for the determination of equilibrium unemployment. In the … equilibrium unemployment, because it induces wage-enhancing effects causing an increase in the outside option available to union … members. Equilibrium unemployment is also an increasing function of firms' bunkruptcy risks. It is, however, independent of …

We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous … equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is … long-run equilibrium unemployment is an increasing function of product market imperfections when the elasticity exceeds …