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Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor market transitions and associated wage changes. Accordingly, job-to-job transitions are central in explaining the wage distribution. This paper usese the IAB employment...
Persistent link: https://www.econbiz.de/10005626934
estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …
Persistent link: https://www.econbiz.de/10008596551
The paper investigates the evolution of wages and wage inequality in Germany based on samples from the German Socio-Economic Panel (SOEP) 1984 to 2005. Real gross hourly wages for prime age dependent male workers increased on average by 23 percent between 1984 and 1994 in West Germany and the...
Persistent link: https://www.econbiz.de/10005260349
and technology effects for high-skilled labor while wage bargaining institutions were holding up relative wages of low …-skilled labor. The combined effect accounts for the disproportionate increase of unemployment for low-skilled workers. …
Persistent link: https://www.econbiz.de/10008596496