Unemployment , Labour Market Institutions and Shocks ∗

  title={Unemployment , Labour Market Institutions and Shocks ∗},
  author={Luca Nunziata},
This paper aims to explain the cross sectional differences in, and the time series evolution of, OECD unemployment from 1960 to 1995. We want to know how much of it can be accounted for by changes in labour market institutions, and the interactions of institutions and macroeconomic shocks. Our aim is also to verify the consistency of unemployment fluctuations with the labour cost results presented in Nunziata (2001). Our findings suggest that labour market institutions have a direct significant… CONTINUE READING
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