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This text provides an overview of the key issues concerning the performance of the labour market and policy in the UK, with focus on the 2008 financial crisis, the ensuing recession, and its aftermath. It contains assessments of the effects of many policies introduced over the last 10 years in...
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associated with a more regulated labor market, lower unemployment benefit replacement rates, and a smaller tax wedge on labor. We … impact on labour market institutions across countries. -- political instability ; labor market institutions ; unemployment …
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setting institutions are found to be robust policy determinants of the aggregate employment and unemployment rates. Looking …
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