Operationalizing the capability approach (CA) is difficult due to the conceptual challenges it poses: its multidimensionality and the role it assigns to freedom of choice for human wellbeing. Therefore the operationalizability of the CA has been questioned. Despite this, a lot of empirical...

This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run relationships, interpreted as a labor demand and a wage...