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This paper assesses whether the economy of East Germany is catching up with the West German region in terms of welfare. While the primary measure for convergence and catching up is per capita output, we also look at other macroeconomic indicators such as unemployment rates, wage rates, and...
Persistent link: https://www.econbiz.de/10010271406
The paper analyses the development of the East German housing market after the reunification of the former German Democratic Republic and the Federal Republic of Germany in 1990. We analyse the dynamics of the East German housing market within the framework of the wellknown stockflow model,...
Persistent link: https://www.econbiz.de/10010271413
anhaltend hohen Arbeitslosigkeit. Demgegenüber weist Ostdeutschland eine konstant hohe Wachstumsrate des industriellen Sektors …
Persistent link: https://www.econbiz.de/10011633234
In this article, I analyze the changes in wage inequality in the eastern region, western region and reunified Germany a decade after reunification. For that purpose, I use data from the German Socio-Economic Panel for the period 1999 - 2006, and implement the decomposition methodologies of...
Persistent link: https://www.econbiz.de/10011600912
This paper provides an empirical investigation into the determinants and stability of the aggregate wage inflation … process in the United States over the 1967-2000 period. Using compensation per hour as the measure of wages, we specify a … Phillips curve model that links wage growth to its past values as well as to the unemployment rate, price inflation, labor …
Persistent link: https://www.econbiz.de/10010283324
The purpose of this paper is to evaluate the empirical relevance of real convergence on the process of nominal convergence for the new EU Member States. We discuss two of the main channels through which real convergence could affect relative prices with respect to the euro area: productivity...
Persistent link: https://www.econbiz.de/10011604873
Persistent link: https://www.econbiz.de/10011695819
Persistent link: https://www.econbiz.de/10011695822
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
The 40 years of socialist regime in East Germany were characterized by a massive anti-entrepreneurship policy. We investigate the reemergence of entrepreneurship in East Germany during its transformation to a market economy following the collapse of the East German state in 1989. It took about...
Persistent link: https://www.econbiz.de/10010291841