This paper provides a critical view of the cross country literature on the impact of labour market institutions and … policies on the evolving pattern of unemployment in OECD countries. Such widely used indicators as the generosity of … unemployment insurance or the strength of trade unions are neither strongly correlated individually with unemployment nor …

the employment performances of those countries. Moreoever, these institutions act asymmetrically along the business cycle …

impact of labour market institutions from 1960 to 1994. The main contribution of the paper is to show that labour market …. These results are consistent with the findings of a companion paper (Nickell et al., 2001) where the effects of institutions … on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions …

This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … utilisation and the degree of volatility of the real exchange rate interact to generate changes in equilibrium unemployment. This …

equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …

Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the … interest. If the wage grows in line with productivity, there is a positive relation between growth and unemployment. If the … incentive to hire. There emerges a trade-off between growth and unemployment. …

This paper examines the factors contributing to the rise in unemployment in Australia during the depression of the 1930 … were predominant, it has also claimed that excessive real wages created unemployment. The Layard-Nickell model, which has … been used to examine the relationship between real wages and unemployment in interwar Britain, is estimated from Australian …