real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers? federations are not able to …

real wages and low unemployment result. With an intermediate view, i.e., when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …

This book explores empirically for West Germany whether a decline in the relative demand for less skilled workers … resulted in increased unemployment. Using up-to-date econometric techniques, a balanced mixture between descriptive evidence … conventional wisdom about labor market trends in West Germany. Overall wage dispersion has been increasing and wage growth has been …

temporarily reduce unemployment and increase wages in periphery countries at the cost of somewhat higher unemployment in receiving …