TY  - RPRT
        AU  - Joseph, Gilles
AU  - Pierrard, Olivier
AU  - Sneessens, Henri R.
        TI  - Job Turnover, Unemployment and Labor Market Institutions
        PY  - 2003/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 835
        UR  - https://www.iza.org/index.php/publications/dp835
        AB  - This paper studies the role of labor market institutions on unemployment and on the cyclical
properties of job flows. We construct an intertemporal general equilibrium model with search
unemployment and endogenous job turnover, and examine the consequences of introducing
an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to
reproduce the main cyclical properties of a typical European economy. It also suggests that
downward wage rigidities, rather than unemployment benefit or firing cost, may well play a
dominant role in explaining both the high unemployment rate and the cyclical properties of
such an economy.
        KW  - institutions
KW  - job flows dynamics
KW  - unemployment
        ER  -