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Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
The rapid wage increases observed in Eastern Germany over the past two years have important implications for the direction taken by structural change in this region. These implications are not solely negative, and remain controversial in the public debate. This paper discusses four aspects of a...
Persistent link: https://www.econbiz.de/10005791224
This paper places Anglo-German growth after World War II in a long-term comparative perspective. Reviewing explanations of why post-war Germany is more dynamic than Britain, we evaluate arguments stressing institutional change, catching-up, and country-specific long-term experience. Examining...
Persistent link: https://www.econbiz.de/10005124060
previous level. Especially for unemployment we find large effects of an increased foreign share. We conjecture that these … results might be spurious. Foreigners tend to be concentrated in lower unemployment areas but unemployment tends to be mean … unemployment. Taking account of the mean reversion in unemployment we find no detrimental effect of immigration. Similar results …
Persistent link: https://www.econbiz.de/10005504240
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10005666858
The purpose of this paper is to link the twin horns of the European economic dilemma - unemployment and a loss in … the Standortkrise (location crisis) and the Arbeitslosenkrise (unemployment crisis) to form a triad of economic challenges …
Persistent link: https://www.econbiz.de/10005661481
survey data of a representative inflow sample into unemployment in Germany, we empirically test the hypothesis that …
Persistent link: https://www.econbiz.de/10008854550