relations have experienced higher unemployment. This conclusion remains even after controlling for labor institutions. …In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the … relations. In this paper, we examine the role this quality of labor relations has played in the evolution of unemployment across …

We construct a utility-based model of fluctuations with nominal rigidities and unemployment. We first show that under a … standard utility specification, productivity shocks have no effect on unemployment in the constrained efficient allocation … and wages. Inefficient unemployment fluctuations arise when we introduce real-wage rigidities. As a result, in the …

unemployment. The authors reach two main conclusions about this body of work. First, there has been considerable theoretical … technological progress and unemployment. Second, empirical knowledge lags behind. Economists don't have a good quantitative … of wages to unemployment and the rise of European unemployment. …

Behind similar unemployment rates in the United States and Portugal hide two very different labor markets. Unemployment … duration is three times longer in Portugal than in the United States. Symmetrically, flows of workers into unemployment are … Portugal. High employment protection makes economies more sclerotic; but because it affects unemployment duration and worker …

In the 1970s, European unemployment started increasing. It increased further in the 1980s, to reach a plateau in the … 1990s. It is still high today, although the average unemployment rate hides a high degree of heterogeneity across countries …. The focus of researchers and policy makers was initially on the role of shocks. As unemployment remained high, the focus …

strong distribution and dynamic effects. The transition may imply the decline of incumbent firms. Unemployment may increase …

We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …