unemployment duration. This paper studies the effects of employment protection laws on unemployment spells in two countries: Italy …

unemployment rate, an increase in firms' profits and a decrease in the utility of both workers and the unemployed. These …, if firms pay efficiency wages, a higher degree of labour market flexibility increases unemployment …

To the layman, the upward trend in European unemployment is related to the slowdown in economic growth. We argue that … the layman's view is correct. The increase in European unemployment and the slowdown in economic growth are related … thus creates unemployment. Second, as firms substitute capital for labor, the marginal product of capital falls; over long …

full employment because the economic insecurity created by unemployment was necessary to keep wages low and maintain work … sketched the outlines of a theory of the "neutral" or "natural" rate of unemployment based on the importance of disciplinary … unemployment as a regulator of unit labor costs …

surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …