Isebaert, Daan; Heylen, Freddy; Smolders, Carine - CESifo - 2011
market outcomes. This paper tests the Oswald hypothesis in a panel of 42 Belgian districts since the 1970s. The use of data … going back to 1970 allows us to embed the Oswald hypothesis in a broader model including other key determinants of … be endogenous to (shocks in) employment, we use IV estimation methods. Overall, we find evidence in favour of the Oswald …