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We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …
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In the paper, some empirical results from a macroeconometric disequilibrium model for the Federal Republic of Germany … of the slow adjustment of prices and quantities for the employment Situation in Germany. The slow adjustment of … employment and the capital stock contributed to the persistence of unemployment in the second half of the eighties. …
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Die Digitalisierung der Wirtschaft und Arbeitswelt und damit die zunehmende Verbreitung und Vernetzung von modernen … zum Aufbau der Beschäftigung und zum Rückgang der Arbeitslosigkeit geleistet hat. … institutional setting has made a substantial contribution to job growth and lower unemployment. …
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