they consider lower wages and higher wage dispersion major prerequisites for stronger employment growth. The theoretical …

Denmark is often highlighted as a "flexicurity" country characterized by lax employment protection legislation …, generous unemployment insurance, and active labor market policies. Despite a sharp and prolonged decline in employment in the … labor supply and employment, targeting the young, elderly, and immigrants. Employment recovered to its structural level …

economy, in particular to business cycle moments for employment and informality. We show that interest rate shocks, which …, the presence of an informal sector might help to mitigate the impact of a stringent labor regulation on employment and …