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This paper analyzes wage competition between national trade unions caused by the international mobility of capital. Perfect capital mobility leads to a Bertrand result for the outcome of wage competition: A pure strategy equilibrium implies full employment in all countries. It is shown that such...
Persistent link: https://www.econbiz.de/10009276252
This paper analyzes if unemployment can be reduced through labor tax cuts that are financed in a revenue neutral way … saving technologies, irreversibilities, embodied technological progress and involuntary unemployment. Arguments are presented … unemployment since this puts more pressure on firms that are using old technologies to adopt a more efficient energy saving …
Persistent link: https://www.econbiz.de/10009276773
Germany’s system of economic and political governance strongly relies on group decision-making and consensus to solve economic issues. This approach relates to a wide spectrum of decisions, including the social partners with the trade unions and the employers’ associations in wage formation,...
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facilitates the analysis of skill-specific institutional changes. A government can influence wages and unemployment of the low …
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This paper presents a synoptic interpretation of structural unemployment in Europe. The paper consists of three parts …. Part 1 summarises some major stilysed facts of the record and the state of unemployment in Europe. In part 2, these facts … are taken as the basis for a theoretical interpretation of the genesis and persistence of European unemployment. Part 3 …
Persistent link: https://www.econbiz.de/10009276307
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10004987458