This paper deals with a critical assessment of the 'non-accelerating inflation rate of unemployment' (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an easy-to-use analytical instrument: the possibility of a non-vertical Phillips curve, the occurrence of shocks...

This paper attempts to evaluate the impact of current and future immigration flows on major macroeconomic variables of the West German economy. The analysis is based on a macroeconometric disequilibrium model for the West German economy. This model is extended until 1995 and used for several...

The evolution of unemployment in West Germany and the United States stands in sharp contrast, with German unemployment much lower from 1960 to the early 1970s, but substantially higher from 1984 to 1988. This paper provides a framework for examining the relationship between inflation and...

This econometric study deals with the question as to what extent apprentices, after successfully completing their training, stay with the firm that supplied their training and, if so, how long that job tenure holds. Determinants of both decisions can be seen from both the employer’s and the...

This volume contains the papers and the supplementary papers presented at the 37th Ottobeuren Seminar on the subject of "labor contracts." They deal with the reasons for and the effects of regulations in individual and collective labor contracts. Their purpose is to contribute to a better...

This volume contains the papers and supplementary papers given at the 33rd Ottobeuren Seminar on Economics. The authors deal with current issues pertaining to education and economics, such as for example the determination and the assessment of the return on education, the influence of education...