Reaction Patterns of German Regional Labour Markets to Macroeconomic and Policy-induced Shocks¡ª A Comparative Analysis
AbstractThis paper analyses labour market reactions of three representative German federal states to economic and policy-induced shocks. The magnitude of the reactions of the states to an equally strong shock on labour demand, labour supply and unemployment are observed. Differences in the structural composition of the states¡¯ economies and flexibility of the states¡¯ labour markets lead to distinct reaction patterns over time. The reaction patterns of all states are dominated by labour demand effects in the short term, whereas labour supply effects are propagated over time and, hence, from the medium term onwards dominate the development of the unemployment rate.
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Bibliographic InfoArticle provided by Better Advances Press, Canada in its journal Review of Economics & Finance.
Volume (Year): 1 (2011)
Issue (Month): (February)
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Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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