This paper studies the relationship between employment and wage structures in West Germany based on the IAB employment … evolution of relative employment measures, we estimate elasticities of substitution between employees in three different skill … groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …

This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent …. Unemployment increases the relative attractiveness of large and less violent gangs engaging more in property crime. …

and employment. The transition of immigrants into a new labor market is a gradual process: the dynamics of this process … other hand, we do not find any effect of immigration on employment, neither in the short nor in the long run. …

of hiring would decrease with a growth in available labor for two reasons: (1) individuals seeking employment would be … probability of employers finding individuals suitable for unfilled jobs. Moreover, individuals seeking employment may engender … the cost of hiring and increase employment demand at any given wage rate. Hence, a change in the labor force – such as the …