With much of Europe plagued by high levels of unemployment, it has become widely accepted that the culprit is labor … exaggerated the extent to which the unemployment problem can be blamed on protective labor market institutions and that the case … market rigidity and that the prescription can only be labor market deregulation: lower wages, higher earnings inequality …

With much of Europe plagued by high levels of unemployment, it has become widely accepted that the culprit is labor … exaggerated the extent to which the unemployment problem can be blamed on protective labor market institutions and that the case …: Labor Market Institutions, Skills, and Inequality-Unemployment Tradeoffs -- 3 Labor Market Institutions and Unemployment: A …