administrative data reveals that the reform led to more apprentices in German firms despite a decrease in apprentice wages. This can … apprentices; setting lower wages is possible because of a rising supply of apprentices owing to substantially improved employment …

Stochastic shocks to aggregate labor supply elasticity are introduced into a real-business-cycle setup augmented with a … board arrange-ment (1999-2018). The quantitative importance of a stochastic aggregate labor supply elasticity parameter is … the variability of hours, and lowers the correlation between hours and wages, and thus is found to be quantitatively …

We draw on two decades of historical data to analyze how regional labor markets in West Germany adjusted to one of the …, similar in magnitude to the refugee inflow that Germany is experiencing today, also reduce native income losses markedly but …

parameter restrictions. A cointegration analysis for the unified Germany reveals a long rum relationship between real wages …. We compare these results to results from a standard SVECM and find that, using the Subset VECM reduces estimation … uncertainty. In contrast to previous studies for West Germany, we find that, unemployment is equally determined by technology …

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 …

We draw on two decades of historical data to analyze how regional labor markets in West Germany adjusted to one of the …, similar in magnitude to the refugee inflow that Germany is experiencing today, also reduce native income losses markedly but …