labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …

inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the … standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … rigidities. Second, labor turnover costs are the dominant source for the inflation-output tradeoff when both rigidities are …

private households in Germany. In 2001, the difference is small for households consisting of at least three persons. For three … impeded by the system of social assistance. As a consequence, unemployment increased. … einer geringen Qualifikation behindert und zum Anstieg der Arbeitslosigkeit beigetragen. …

the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States …This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a … stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

measure construction and technology busts) have little effect on the natural rate of unemployment or on long run productivity … of unemployment and can count for a 0.5% rise in cyclical unemployment from 2007 through the end of 2009 and 0.3% through …

show that implementing the Danish flexicurity concept in Germany would reduce unemployment and earnings inequality … Germany - the reduction of unemployment effect is nearly 40% greater when the policies are implemented in conjunction than in … renowned Danish miracle by evaluating their unemployment and inequality effects and their complementarities. We develop a …

relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …

rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is …The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized …