Countries that have greater employment protection laws than other countries generally have ________ unemployment rates, with spells of unemployment tending to ________.

Question

Quizplus · Accepted Answer

Countries with greater employment protection laws often have higher unemployment rates because these laws can make it more difficult for employers to hire and fire, leading to less flexibility in the labor market. Additionally, when individuals do become unemployed in such systems, their unemployment spells tend to last longer due to the same rigidities that make finding new employment more challenging.

Countries That Have Greater Employment Protection Laws Than Other Countries