Jahn, Elke Jutta; Upward, Richard; Brücker, Herbert - Centre for Research and Analysis of Migration (CReAM), … - 2012
bargaining, minimum wages, employment protection and unemployment benefits affect the way in which wages respond to labor supply … decline with the unemployment rate, albeit imperfectly. We find that wage flexibility is substantially higher in the UK compared … to Germany and, in particular, Denmark. As a consequence, immigration has a much larger effect on the unemployment rate …