In this study we examine the contribution of severance pay to employment and unemployment development using data on …-varying labor market institutions. While the positive effect of severance pay on unemployment garners some support, there is no real …

The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting … effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment … unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not …

between and within skill categories, as well as an increase in unemployment, especially among low-skill workers. Movements in … productivity, unemployment and inequality may thus be linked to induced overeducation and credentialism. …