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Deregulation of Labor and Unemployment Markets in Advanced Capitalist Economies

ABSTRACT

The aim of this research is to discuss the relevance of micro and macroeconomic factors as the determinants of the present level of unemployment in some advanced capitalist economies. Through these results it will be possible to determine the importance of the conventional hypothesis that high levels of unemployment can be explained by the rigidities in the labor market as well as its policy implications.

KEYWORDS:
Unemployment; deregulation; wage rigidity

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