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Until now there exists no consensus view on the determinants of unemployment. Whereas some empirical papers find that … mainly labour market institutions explain unemployment, others argue that this correlation is not robust. One explanation for … these contradictory results is that labour market institutions affect unemployment in varying labour market regimes …
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Results from laboratory experiments using real-effort tasks provide mixed evidence on the relationship between monetary incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real-effort tournaments with two prizes. Experiment...
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and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …
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