Brücker, Herbert; Jahn, Elke J. - 2010
-setting framework relies on the assumption that wages tend to decline with rising unemployment, albeit imperfectly. This enables us to … wages by about 0.3 percent and reduces their unemployment rate by 0.1 percent, while the wages of the foreign workforce … decline by 2.4 percent and their unemployment increases by 0.9 percentage points. …