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- W1522013498 abstract "Countries with very flexible institutions and labor market polices, like the U.S., experienced substantial increases in unemployment over the course of the Great Recession, while countries with relatively rigid institutions and strict labor market policies, such as France, fared better. However, this better short-term performance comes with a tradeoff: evidence suggests that flexible labor markets keep unemployment lower in the long run." @default.
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- W1522013498 date "2011-06-29" @default.
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- W1522013498 title "Labor Market Rigidity, Unemployment, and the Great Recession" @default.
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- W1522013498 doi "https://doi.org/10.26509/frbc-ec-201111" @default.
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