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The concept of the "employment threshold" plays an important role in the public of unemployment. The employment threshold is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labor productivity. It is related to the Okun...
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The concept of the employment threshold plays an important role in the public discussion of unemployment. The employment threshol d is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labour productivity. It is related to the...
Persistent link: https://www.econbiz.de/10009781535
The concept of the "employment thresholdin the public discussion of unemployment. The employment threshold is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labour productivity. It is related to the Okun coefficient which...
Persistent link: https://www.econbiz.de/10013321076
increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … the case of Germany, which has displayed a significantly lower increase in its labour force than its trade partners …
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