"bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to … establish that such asymmetries are very salient in Germany. We find that the semi elasticity of real wages with respect to … unemployment is very close to zero when unemployment is above its long term average but large and highly significant when below. We …

in more detail labour flexibility, namely labour market flows, long-term unemployment and labour force deprivation. The … third part addresses wage flexibility and relative wages, with special attention paid to regional unemployment elasticity of … labour mobility, labour deprivation due to long-term unemployment, skill mismatch and emerging signs of inflexibility in wage …

In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European … unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …

In this Manifesto, we make a set of proposals to fight unemployment in the EU. We believe that the European … unemployment problem needs to be attacked on two fronts: through a broad spectrum of supply-side policies and the demand management …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …

implications of variable labor force participation rates for inflation and establish the following result: if endogenous movements … dynamics. Indeed, during recessions, the upward pressures on inflation stemming from the lack of a downward adjustment in real …

for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face … auto-regressive models with quarterly data for Germany in the period 1991-2014. These four models estimate effects of …

for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face … auto-regressive models with quarterly data for Germany in the period 1991-2014. These four models estimate effects of … angesehen. Da große Betriebe in Deutschland mit höheren Anpassungskosten der Beschäftigung konfrontiert sind, sollten sie von …

unskilled unemployment via consumer demand: longer work hours and higher labor force participation imply higher incomes and less … consumer demand toward unskill-intensive goods. Relative demand for unskilled labor rises and unemployment falls. Finally, we … provide empirical support for the basic mechanisms of our model for Germany …