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Einstiegslöhne bei unvollkommenen Arbeitsmärkten

  • Johannes Gernandt
  • Friedhelm Pfeiffer

This study compares the wages and wage rigidity of entrants with incumbent workers in the West German labour market, based on individual data from 1975 to 1995. On average entrants (around 11 per cent of the workforce each year) wages were 40 per cent lower than incumbent wages, with a rising tendency. Roughly 53 per cent of this difference can be attributed to observed heterogeneity. Further econometric evidence suggests that wage rigidity existed for entrants, with an average estimated yearly wage sweep-up of 2.4 per cent. This presumably was an important reason for rising unemployment in the observation period. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2006

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Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

Volume (Year): 7 (2006)
Issue (Month): 2 (05)
Pages: 147-172

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Handle: RePEc:bla:perwir:v:7:y:2006:i:2:p:147-172
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