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This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …
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This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
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production. Employment and wages diverged considerably within the German automobile industry. Relative to skilled workers, the … foreign direct investment in Central Europe may have helped the relatively favourable employment and earnings record of the …
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The paper empirically examines three possible reasons for the high and rising unemployment of low-skilled employees in … Germany: (i) an upsurge in interindustry trade, (ii) a skill-biased technical change, and (iii) a failure of labour market … in Germany. Thus, economic policy in Germany should focus on improving the employability of workers in the lower segment …
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