predictions of our simple model are consistent with the contrasting performance of the labor market in Europe and US in terms of … the economy with unemployment insurance (Europe). As a result, unemployment doubles in this economy. In the laissez …

of our simple model are consistent with the contrasting performance of the labor market in Europe and U.S. in terms of … the economy with unemployment insurance (Europe). As a result, unemployment doubles in this economy. In the laissez …