The book offers an explanation of unemployment based on a model of wage bargaining between a trade union and an … natural rate of unemployment is independent of productivity growth. Taxes on labour and capital are identified as important … German data confirms the theoretical predictions. Keywords: Unemployment ; Hysteresis ; Trade Unions ; Cointegration Contents …

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment …

estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …

The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with … evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …

A common method of evaluating the scope for demand expansion is to try to estimate a threshold rate of unemployment … above which policies of demand stimulus are non-inflationary. However, this non-accelerating inflation rate of unemployment … popular argument that the NAIRU itself depends on the time-path of previous actual unemployment. This effect has been …

Die Bekämpfung der Arbeitslosigkeit genießt oberste wirtschaftspolitische Priorität - dieser Feststellung wird kaum …

/price-setting theory, this increase should reduce structural unemployment, because labour market flexibility increases and labour costs … impact of the relationship between the extensiveness of the low-pay sector and structural unemployment. Data from Germany … 1991 to 2008, indicate a positive impact of the growing low-wage sector on structural unemployment. Moreover, some …