This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

model of unemployment, which is exposed to the asymmetric expellee inflow, closely fits historical data on the regional … unemployment differential and the regional migration rate. Both variables increase dramatically after the inflow and decline only …

relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …