In the course of the educational expansion the rising number of academics entering the labour market leads to two questions. First: Are academics capable to place themselves successfully in the labour market or do they have to face higher risks of unemployment? Second: Do academics find...

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The paper empirically examines three possible reasons for the high and rising unemployment of low-skilled employees in Germany: (i) an upsurge in interindustry trade, (ii) a skill-biased technical change, and (iii) a failure of labour market adjustment. The empirical analyses indicate that an...