Linzert, Tobias - In: Journal of Economics and Statistics (Jahrbuecher fuer … 224 (2004) 3, pp. 317-336
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 relationships, interpreted as a labor demand and a wage...