Structural Unemployment And Real Wage Rigidity In Germany
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Structural Unemployment And Real Wage Rigidity In Germany
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Author : Karl-Heinz Paqué
language : de
Publisher: University of Michigan Press
Release Date : 1999
Structural Unemployment And Real Wage Rigidity In Germany written by Karl-Heinz Paqué and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Structural Unemployment
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Author : Wolfgang Franz
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Structural Unemployment written by Wolfgang Franz and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Political Science categories.
High and persistent unemployment rates in Europe during the eighties gave rise to a lively discussion about the nature and causes of joblessness. Among other sources structural unemployment was blamed for the lack of response of unemployment to increasing aggregate demand. Renewed attention was thus devoted to an analysis of the magnitude and the development of structural unemployment as well to its possi ble determinants. In this literature, the Beveridge curve experienced a resurrection and, at first glance, it seemed to be an appropriate tool to analyse the aforementioned issues. However, it was soon recognized that the Beveridge curve, i. e. the relation between unemployment and vacancies, was anything but stable, thus requiring a care ful distinction between dynamic loops around a (stable?) long-run Beveridge curve and possible shifts due to, say, an increasing mismatch between labor supplied and demanded. The controversy is far from being settled at the time of this writing. This book contains a collection of hitherto unpublished papers which are devoted to a theoretical and econometric analysis of structural unemployment. The papers put considerable emphasis on the question to what extent the Beveridge curve can serve as an adequate tool for such studies. The countries under consideration are Germany and Austria. In what follows a very brief summary of each paper will be outlined. Franz and Siebeck present, at some length, a theoretical and econometric analysis of the Beveridge curve in Germany.
Immigration And Wage Dynamics In Germany
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Author : Sabine Klinger
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-27
Immigration And Wage Dynamics In Germany written by Sabine Klinger and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-27 with Business & Economics categories.
German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather well and suggest that relatively low wage growth can be largely attributed to low inflation expectations and low productivity growth. There is no evidence – from either aggregate or micro-level administrative data – that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity effects offset composition and competition effects.
Wage Rigidity In Germany
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Author : Heiko Stüber
language : en
Publisher: wbv Media GmbH & Company KG
Release Date : 2013-04-22
Wage Rigidity In Germany written by Heiko Stüber and has been published by wbv Media GmbH & Company KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-22 with Social Science categories.
Die Interaktion zwischen Inflation und Arbeitslosigkeit beschäftigt Forscher und Politiker bereits eine längere Zeit. Doch existiert tatsächlich ein Zielkonflikt zwischen Inflation und Arbeitslosigkeit? Heiko Stüber geht dieser und anderen Fragen, die sich mit Lohnstarreit beschäftigen, nach. Der erste und gewichtigste Teil des Buches beschäftigt sich mit Abwärtsnominallohnstarrheit. Er bietet einen Überblick über Ursachen, Ausmaß und Implikationen dieser Starrheit, betrachtet ihre makroökonomischen Konsequenzen und untersucht inwiefern die Starrheit Arbeitnehmer unterschiedlich betrifft. Der zweite Teil des Buches beschäftigt sich mit der Reallohnrigidität neu eingestellter Arbeitnehmer über den Konjunkturzyklus. Der Buchteil bietet einen kurzen Überblick bisheriger empirischer Untersuchungen und neuester Entwicklungen und stellt empirische Evidenz zur Zyklizität von Einstiegslöhnen in Deutschland bereit.
The Role Of Real Wage Rigidity And Labor Market Frictions For Unemployment And Inflation Dynamics
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Author : Kai Christoffel
language : de
Publisher:
Release Date : 2006
The Role Of Real Wage Rigidity And Labor Market Frictions For Unemployment And Inflation Dynamics written by Kai Christoffel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Aspects Of The Swiss Labor Market
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Author : Ms.Paula De Masi
language : en
Publisher: International Monetary Fund
Release Date : 1996
Aspects Of The Swiss Labor Market written by Ms.Paula De Masi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
This paper presents an analysis of the behavior of the Swiss labor market, which emphasizes both changes to labor supply and real wage inflexibility as determinants of recent unusually high levels of unemployment. Supply responses in the past meant that measured unemployment rates were rarely high. The paper suggests that these responses also meant that real wages were probably less responsive to shocks as a result. Econometric tests reported in the paper broadly confirm these suggestions, and imply that the level of unemployment consistent with stable inflation has risen in Switzerland.
Explaining Unemployment In Spain
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Author : Jeffrey R. Franks
language : en
Publisher: International Monetary Fund
Release Date : 1994-09
Explaining Unemployment In Spain written by Jeffrey R. Franks and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-09 with Business & Economics categories.
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.
The Wage Formation Process And Labour Market Flexibility In The Community The Us And Japan
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Author : Kieran McMorrow
language : en
Publisher:
Release Date : 1996
The Wage Formation Process And Labour Market Flexibility In The Community The Us And Japan written by Kieran McMorrow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Labor market categories.
Recoge: 1.Overview of labour market flexibility - 2.Wage formation process - expectations augmented phillips curve - 3.Labour market adjustment mechanisms - 4.International comparison of overall labour market flexibility - equilibrium unemployment - 5.Policy issues and concluding remarks.
The Labor Market And Economic Adjustment
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Author : Pierre-Richard Agénor
language : en
Publisher: International Monetary Fund
Release Date : 1995-11-01
The Labor Market And Economic Adjustment written by Pierre-Richard Agénor and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11-01 with Business & Economics categories.
This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Wage Rigidity And Unemployment
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Author : Wilfred Beckerman
language : en
Publisher: Bloomsbury Academic
Release Date : 1986
Wage Rigidity And Unemployment written by Wilfred Beckerman and has been published by Bloomsbury Academic this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.