Lydon, Reamonn; Mathä, Thomas; Millard, Stephen Patrick - In: IZA journal of labor policy 8 (2019) 2, pp. 1-29
in countries with stringent employment protection legislation and a high degree of downward nominal wage rigidity. STW …-up measure in the micro data to aggregate data on employment and output trends, we show that sectors with a high STW take …-up exhibit significantly less cyclical variation in employment. …