Carneiro, Anabela; Portugal, Pedro; Varejão, Jose - Directorate for Employment, Labour and Social Affairs … - 2013
In this article we study the resilience of the Portuguese labor market, in terms of job flows, employment and wage … the closing of existing firms, to the dramatic decline of total employment and increase of the unemployment rate. We also … channels that may have amplified the employment response to the great recession: the credit channel, the wage rigidity channel …