Political Econ Labour C

Labour market rigidities are key culprits for such high unemployment as Europe has experienced since the 1970s. But governments that have tried to remove rigidi... » 

Labour market rigidities are key culprits for such high unemployment as Europe has experienced since the 1970s. But governments that have tried to remove rigidities have often faced harsh political opposition. This text examines why labour market institutions exist and why they are so persistent. «