Peng, Fei; Siebert, W. Stanley - Institute for the Study of Labor (IZA) - 2007
This paper compares the cyclical behaviour of male real wages in Germany and the UK using the German Socio … unemployment rate as the cyclical measure, we find real wages of stayers in the private sector in West Germany - but not East … Germany - to be procyclical, and quite sensitive to unemployment, comparable to the US and the UK. We find cyclicality in the …
