Sclerosis and large volatilities: Two sides of the same coin

The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates.

Year of publication:	2012
Authors:	Gartner, Hermann ; Merkl, Christian ; Rothe, Thomas
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 1, p. 106-109
Publisher:	Elsevier
Subject:	Labor market volatilities \| Unemployment \| Worker flows \| Vacancies \| Job-finding rate

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Type of publication:	Article
Classification:	J6 - Mobility, Unemployment, and Vacancies ; E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

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