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covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force … years. However, the impact of this development on unemployment is rather limited. …
Persistent link: https://www.econbiz.de/10010260460
We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two … sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment … real wages and unemployment levels in the unskilled labor intensive sector. However, the inequality of workers between …
Persistent link: https://www.econbiz.de/10010265247
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10010265248
impeded by the system of social assistance. As a consequence, unemployment increased. … einer geringen Qualifikation behindert und zum Anstieg der Arbeitslosigkeit beigetragen. …
Persistent link: https://www.econbiz.de/10010265501
fundamentals of the economy negatively and imply low growth and high unemployment. An empirical index is constructed. In the period …
Persistent link: https://www.econbiz.de/10010272945
The paper analyzes why Germany experiences the high and sticky unemployment. It looks at wage policy and proposes a new … approach to measure productivity growth when unemployment increases. It studies the position of trade unions and the …Der Beitrag analysiert, warum die Arbeitslosigkeit in Deutschland so hoch ist. Er diskutiert die Rolle der Lohnpolitik …
Persistent link: https://www.econbiz.de/10010273145
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doing so, we combine …-Mortensen-Pissarides model, with its focus on labor market frictions and unemployment. In developing this model, we proceed in two steps. We … effect on unemployment in the constrained e?cient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10010273726
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 …
Persistent link: https://www.econbiz.de/10010277345
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of 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...
Persistent link: https://www.econbiz.de/10010277953
This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage …
Persistent link: https://www.econbiz.de/10010277978