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Reaction Patterns of German Regional Labour Markets to Macroeconomic and Policy-induced Shocks¡ª A Comparative Analysis

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  • J¨¹rgen Roth

    ()
    (ESB Business School, Reutlingen University, Germany)

  • Simon G. Fauser

    ()
    (Heilbronn University, Germany; Reutlingen University, Germany)

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    Abstract

    This 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 Info

    Article provided by Better Advances Press, Canada in its journal Review of Economics & Finance.

    Volume (Year): 1 (2011)
    Issue (Month): (February)
    Pages: 87-103

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    Handle: RePEc:bap:journl:110108

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    Keywords: Economic shocks; Regional labour markets; Germany;

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