, labour and financial markets) and employment performance. Our analysis includes unemployment, inactivity and jobless rates …, thus allowing us to control for possible substitution effects across situations of non-employment and to check whether … institutional rigidities affecting unemployment impact inactivity along the same line. To cope with common problems related to the …

, labour and financial markets) and employment performance. Our analysis includes unemployment, inactivity and jobless rates …, thus allowing us to control for possible substitution effects across situations of non-employment and to check whether … institutional rigidities affecting unemployment impact inactivity along the same line. To cope with common problems related to the …

relations affects unemployment and employment rates. To measure the quality of industrial relations, we use the results of …, as well as endogeneity, we find that cooperative industrial relations are likely to lower unemployment and to increase … employment. The effects appear to be large, particularly among young people …