Rigider Arbeitsmarkt oder ungleiche Einkommensverteilung – Ein unlösbares Dilemma?
Abstract The paper shows that a more flexible labor market is unequivocally necessary for a lasting and substantial reduction of unemployment. It furthermore points out that a more flexible labor market is even beneficial from a long-run distributional point of view. Hence, the key to liberalizing the labor market lies in overcoming widespread short-run distributional concerns. Increasing the short-run elasticity of labor demand with respect to the real wage by fostering venture capital markets appears to be a crucial stepping stone.
Year of publication: |
2000
|
---|---|
Authors: | Berthold, Norbert ; Fehn, Rainer ; Thode, Eric |
Published in: |
Zeitschrift für Wirtschaftspolitik. - Lucius & Lucius, ISSN 2366-0317, ZDB-ID 2259867-4. - Vol. 49.2000, 1, p. 3-26
|
Publisher: |
Lucius & Lucius |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Real Wage Rigidities, Fiscal Policy, and the Stability of EMU in the Transition Phase
Thode, Eric, (1999)
-
Falling labor share and rising unemployment: Long-run consequences of institutional shocks?
Berthold, Norbert, (1999)
-
Rigide Arbeitsmärkte und ungleiche Einkommensverteilung: Ein unlösbares Dilemma?
Berthold, Norbert, (1999)
- More ...