wage rigidity in Germany. Using three data sets for Germany, two for Britain and one for the United States, I simulate the … change in relative wage rigidity (wage compression) in all three countries during the early and mid 1990s, this being the … period when unemployment increased in Germany but fell in Britain and the US. I show that in this period, Germany experienced …

picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The … workplaces further flexibility to adapt collective agreements to specific circumstances would help align wage growth with …

Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment … costeffective and efficient means of reducing unemployment, during both periods of economic stability and recovery. …

hours worked increased for workers in the highest wage quintile while it decreased for the ones at the lowest. In 1976, a … worker in the lowest quintile worked 2.8 hours more per week than a high wage worker (worker in the highest quintile), but by … 2006, the low wage worker worked 1 hour less. During this period, there was also a wide increase in wage inequality. The …

output and unemployment. As a further test, it also compares simple aggregate employment functions using the two series. On …

TFP gains over the next 10 years are even more modest and are predicted to be less than 0.53%. I also explore AI's wage …