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This chapter examines the factors behind the regulation-unemployment relationship. It shows that employment regulation works indirectly, via its effect on the flows between unemployment and employment. It depresses both total and youth outflows, as does the duration of unemployment benefits for the ‘total’. The effect of rigidities is strong, and an excess of low-skilled workers appears to ‘crowd-out’ the youth. Early retirement worsens the unemployment problem.
Keywords: labour market; labour policy; regulation; unemployment
Chapter. 5433 words.
Subjects: Comparative Politics
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