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This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage adjustment after German reunification. We model the resulting labor market traps in a search and matching framework, show that they are difficult to overcome, and provide...
Persistent link: https://www.econbiz.de/10010277978
Persistent link: https://www.econbiz.de/10001302736
Persistent link: https://www.econbiz.de/10003805390
This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage adjustment after German reunification. We model the resulting labor market traps in a search and matching framework, show that they are difficult to overcome, and provide...
Persistent link: https://www.econbiz.de/10003732134
This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10010265548
This paper analyzes socially optimal responses of environmental targets (i.e. targets on pollutant flows) to different types of technological progress. with reference to a simple macro-economic model including production, pollution generation, and pollution treatment, a socially optimal temporal...
Persistent link: https://www.econbiz.de/10010271067
The paper analyzes the contemporary organizational restructuring of production and work within firms. We emphasize the shift from a "Tayloristic" organization of work (characterized by significant specialization by tasks) to a "holistic" organization (featuring job rotation, integration of tasks...
Persistent link: https://www.econbiz.de/10010273105
Persistent link: https://www.econbiz.de/10010332727
This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10010281026
Persistent link: https://www.econbiz.de/10010320020