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German economy since 1995: 1) Germany offshores more intensively than other advanced countries; 2) The increase in … Germany would have occurred without the Hartz reforms, but later and less intensively. We finally discuss the possible …
Persistent link: https://www.econbiz.de/10011212573
Many of the recent attempts to find evidence of downward nominal wage rigidity in micro data have suffered from a number of problems, including composition bias and the effects of measurement error. In order to avoid these problems we explicitly model the determinants of wage changes and the...
Persistent link: https://www.econbiz.de/10005822114
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany …
Persistent link: https://www.econbiz.de/10008678691
Bei Vorliegen nach unten starrer Nominallöhne erschwert niedrige Inflation Reallohnanpassungen und führt so möglicherweise zu erhöhter gleichgewichtiger Arbeitslosigkeit. Dieser Aufsatz analysiert die wachsende Evidenz zu nach unten starren Nominallöhnen. Es werden nicht nur die...
Persistent link: https://www.econbiz.de/10005566472