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We investigate the labor market effects of immigration in Denmark, Germany and the UK, three countries which are … compared to Germany and, in particular, Denmark. As a consequence, immigration has a much larger effect on the unemployment … rate in Germany and Denmark, while the wage effects are larger in the UK. Moreover, the elasticity of substitution between …
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"This paper investigates the effects of labour market institutions on wage persistence among young European workers at the beginning of their careers. We use ECHP data from 1995 to 2001 for 13 EU countries and estimate a three-level random intercept probit model that allows for unobserved...
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The paper questions the predominant view on unemployment and wages in the European Union according to which high unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent market-clearingʺ real wage levels and structures. It is shown...
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