Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

. Wage growth has been low in most developed economies because of underutilized labor if properly measured. Germany seems to …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

have boosted German competitiveness, resulting in higher exports, higher production and lower unemployment. This … explains the gains in competitiveness but increases unemployment and inequality, and the subsequent labour market reforms lower … unemployment by lessening the reservation wage and expanding the non-tradable sector. The model replicates the developments of the …

policy in economies with labor market rigidities. In an application to western Germany it is demonstrated that nonparametric … workers in service occupations are identified to exhibit rising unemployment due to wage rigidities and are therefore not …

avoid shirking, firms pay fair wages. The wage norms change endogenously, and the result is hysteresis with respect to both …

The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … changes in regional unemployment. Accounting for the fluctuations in composition of the employees is important for the … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering …

policy in economies with labor market rigidities. In an application to western Germany it is demonstrated that nonparametric … workers in service occupations are identified to exhibit rising unemployment due to wage rigidities and are therefore not …