In this paper, we explore empirically the role of openness, technology and labour marketrigidity in the determination of the effect of the exchange rate on employment in Portugal. Wedevelop an index that allows us to measure labour market flexibility at the sector level. Thisindex shows that...

Low-skilled workers do not fare well in today’s skill intensive economy and their opportunitiescontinue to diminish. Given that individuals in this challenging skill segment of the workforceare more likely to have poor experiences in the labor market, and hence incur greater publicexpenses, it...