We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main … bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing … perform a policy experiment to assess whether the decrease in trend unemployment during the 1980’s and 1990’s could be …

Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment …

inflation and unemployment. Under some assumptions, that relation takes a form similar to that found in empirical wage equations … unemployment rate in the U.S. economy, even under the strong assumption of a constant natural rate of unemployment. …

We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main … individual wage bargaining. Product market competition affects unemployment via two channels: the output expansion effect and a … individual bargaining, no more than half a percentage point of European unemployment rates can be attributed to entry regulation. …

Labor market regulations have often being blamed for high and persistent unemployment in Europe, but evidence on their …