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The rise of unemployment in West Germany is often attributed to an inflexibility of the wage structure in the face of a skill bias in labor demand trends. In addition, there is concern in Germany that during the 70s and 80s unions were pursuing a too egalitarian wage policy. In a cohort...
Persistent link: https://www.econbiz.de/10005382412
In this paper we examine the effects of regional and industry specific labor market indicators on wages and labor supply of married females. Based on the standard life-cycle labor supply theory we derive a two equation censored panel model and estimate it using the Minimum Distance Method. For...
Persistent link: https://www.econbiz.de/10005382445