unemployment. The results suggest that the elasticity is indeed negative, i.e. that real wages are lower in local labour markets … with higher unemployment. The size of the elasticity for the euro area is similar to that found in previous studies for a … number of countries, including the United States. Furthermore, there is some variation in the unemployment elasticity by …

The paper questions the predominant view on unemployment and wages in the European Union according to which high … unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent market … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …

.7% lower when the unemployment rate increases by one percentage point. This is less than half the equivalent entry-level effect …

domains with macro-structural relevance (employment protection legislation, unemployment benefits, wage setting). Reforms tend … improved activity rates and lower unemployment. …

reforms is positively associated with the unemployment rate, the simultaneous implementation of fiscal consolidation measures … unemployment rate in the short run when they are approved during contractionary periods-while they have a non-significant effect …