Eastern Germany and the conflict between wage adjustment, investment, and employment: A numerical analysis
AbstractFour years after German unification, the economy in eastern Germany has by far still not caught up with the one in western Germany. While wages are close to the western level, productivity and capital stock are still low and unemployment is high. In this paper some light is shed on the dynamics of the adjustment process by studying the linkages between the dynamics of wage adjutment, investment and employment.
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Bibliographic InfoArticle provided by Springer in its journal Weltwirtschaftliches Archiv.
Volume (Year): 131 (1995)
Issue (Month): 3 (September)
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Other versions of this item:
- Thimann, C & Breitner, M-H, 1995. "Eastern Germany and the Conflict between Wage Adjustment, Investment and Employment : A Numerical Analysis," Papers 02, American Institute for Contemporary German Studies-.
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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