Schmerer, Hans-Jörg - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-37, pp. 1-39
in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to … unemployment and a channel for the government to influence markets through institutional changes. Labor market interventions … market reforms through higher wages. Lower labor costs reduce unemployment of the low-skilled and increases the reforming …