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The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...
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We investigate how continental European unemployment can be reduced without reducing unemployment benefits and without reducing the net income of low-wage earners. Lower unemployment replacement rates reduce unemployment, the net wage and unemployment benefits. A lower tax on labour increases...
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[Einleitung:] Die deutsche Volkswirtschaft hat vor allem mit drei Problemen zu kämpfen: Das drängendste ist die persistent hohe Arbeitslosigkeit. Vor allem die zunehmende Arbeitslosigkeit unter den Jugendlichen und den wenig qualifizierten Arbeitnehmern gibt Anlaß zur Sorge. Die anhaltend...
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