Nickell, Stephen; Nunziata, Luca; Ochel, Wolfgang; … - Centre for Economic Performance, LSE - 2001
explained by changes in labour market institutions, particularly those which are important for search and matching efficiency …. Third, labour market institutions impact on real labour costs in a fashion which is broadly consistent with their impact on … unemployment. Finally, broad movements in unemployment across the OECD can be explained by shifts in labour market institutions …