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 InfoPaper provided by American Institute for Contemporary German Studies- in its series Papers with number 02.
Length: 19 pages
Date of creation: 1995
Date of revision:
Contact details of provider:
Postal: U.S.A.; Johns Hopkins University, American Institute for Contemporary German Studies. 1400 16th Street, N.W. Suite 420 Washington, D.C. 20036-2217
GERMANY ; WAGE DETERMINATION ; EMPLOYMENT ; INVESTMENTS;
Other versions of this item:
- Christian Thimann & Michael Breitner, 1995. "Eastern Germany and the conflict between wage adjustment, investment, and employment: A numerical analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 131(3), pages 446-469, September.
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: 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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