Weniger Lohn, mehr Beschäftigung? Ein Standpunkt
AbstractIn this paper an alternative view of the relation between the wage level, wage dispersion, training incentives and employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment - especially in Germany - is mainly caused by labor market institutions and excessive wages. Rather there are several indications that a persistent lack of demand is responsible for the major part of the German unemployment problem.
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Bibliographic InfoPaper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 426.
Date of creation: Oct 2004
Date of revision:
wage dispersion; wage level; on-the-job training; unemployment; competitiveness;
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J68 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Public Policy
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