Fitzenberger, Bernd; Garloff, Alfred - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
It is commonplace in the debate on Germany?s labor market problems to argue that high unemployment and low wage … dispersion are related. This paper analyses the relationship between unemployment and residual wage dispersion for individuals … with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of …