Labor market institutions: Curse or blessing?

Research, Preprint English OPEN
Ochsen, Carsten; Welsch, Heinz;
  • Publisher: Rostock: Universität Rostock, Institut für Volkswirtschaftslehre
  • Subject: J30 | E24 | I31 | unemployment benefit | unemployment benefit,employment protection,macroeconomic uncertainty,cost-benefit analysis,life satisfaction,happiness | happiness | cost-benefit analysis | macroeconomic uncertainty | life satisfaction | E60 | D71 | employment protection
    • jel: jel:J30 | jel:E24 | jel:I31 | jel:E60 | jel:D71
      ddc: ddc:330
    mesheuropmc: health care economics and organizations

Previous literature has identified considerable non-pecuniary costs to macroeconomic fluctuation and uncertainty. The present paper investigates whether and to what extent labor market institutions can mitigate those costs. We study how life satisfaction of European cit... View more
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