Zusammenhang von Löhnen, Preisen und Beschäftigung in Deutschland von 1975 bis 2002
In: List Forum Band 31
This paper examines the relationship between wages, prices and employment in Germany (from 1975 to 2002) with the help of economic models. Central results are: A growth in real GDP of 1% leads to an increase of employment of 0.8% - assuming stable real wages. On the other hand an increase in real wages of 1% results in a reduction of employment by 0.8% - now assuming a stable GDP. Nevertheless economic growth still increases the rate of employment - but wage policy counteracted in the past. The main source of influence on the price level are the unit labour costs, although a certain influence of the unit labour costs on the price level can observed. The Phillips curve is a statistical illusion, which derives from a combination of cyclical movements and long-termed trends.(Original text only available in german language)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|This chapter was published in: ||This item is provided by List Gesellschaft e.V. in its series List Forum Chapter with number
31-07.||Handle:|| RePEc:lst:lfchap:31-07||Contact details of provider:|| Postal: postal:c/o Düsseldorf Institute for Competition Economics (DICE), Heinrich-Heine-Universität Düsseldorf, Universitätsstraße 1, 40225 Düsseldorf|
Phone: + 49 (0) 211-81-10240
Fax: + 49 (0) 211-81-15499
Web page: http://www.list-gesellschaft.de
More information through EDIRC
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:lst:lfchap:31-07. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lukas Wnuk Lipinski)
If references are entirely missing, you can add them using this form.