Labor Market Flexibility, Rigidity and Unemployment : An Index Approach to Cross-country Comparisons & An Essential Review of the Evidence
Unemployment is rising quite dramatically almost everywhere of the world. Undoubtedly, it is a very debating and heart touching issue of the present times to the policymakers. The recent past introduction of labor market rigidities and inflexibilities in the late 1980s, that play a significant role on unemployment is a very common world’s debating topic across Europe. It is blamed that rigid labor