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large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … in Germany increased (unlike in the U.S. and Britain, where it fell). British and German evidence is further backed up …
Persistent link: https://www.econbiz.de/10010297281
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment …" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …
Persistent link: https://www.econbiz.de/10010297287
compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the …
Persistent link: https://www.econbiz.de/10010297970
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 … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …
Persistent link: https://www.econbiz.de/10010297779
quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …
Persistent link: https://www.econbiz.de/10010297735
the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …
Persistent link: https://www.econbiz.de/10010297774
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however … indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by …
Persistent link: https://www.econbiz.de/10010301689
, dass mit einer größeren Lohnspreizung die Lastverteilung der Arbeitslosigkeit bei gegebenem Output, Kapitaleinsatz und …
Persistent link: https://www.econbiz.de/10010297568
In this paper we analyze the impact of information technology and organizational changes on wages using individual level data for 1998/1999. The average impact of IT use on wages turns out to be five to six percent, however, the effects differ across different IT components. Unless employees use...
Persistent link: https://www.econbiz.de/10010297336
In this study, I analyze the relationship between IT use and wages in West Germany in 1998/99. I use two estimation …
Persistent link: https://www.econbiz.de/10010297391