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, especially between the developing and the developed world. In this paper we present the results of a trend analysis in Germany … discussing the relevance of frugal innovation for Germany. These insights were then verified in 20 semi-structured interviews … predicted a trend towards frugal solutions in Germany due to a complex interplay of various factors. One notable factor was a …
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Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only occasionally renegotiated. We argue that one source of the wage...
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