quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …

inflation and the extent of real wage rigidity but that these effects depend on the definition of reference norms (e.g. how …

unemployment. The results suggest that the elasticity is indeed negative, i.e. that real wages are lower in local labour markets … with higher unemployment. The size of the elasticity for the euro area is similar to that found in previous studies for a … number of countries, including the United States. Furthermore, there is some variation in the unemployment elasticity by …

Switzerland, traditionally a ?zero unemployment? economy, has seen an unprecedented rise in joblessness in the 1990s … although unemployment fell again to a rather low level after 1997. This paper tests whether Switzerland experienced a negative … shock and find that they were rigid, which can explain the relative unemployment increase for this group. Finally, I test …

producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

employer and may choose to remain unemployed rather than to accept a low-wage job. In this case, unemployment can serve as a … signal of productivity, and duration of unemployment may be positively related to post-laid-off wages even among workers who … are not recalled. In contrast, because workers whose plant closed cannot be recalled, longer unemployment for them should …

This paper examines whether subjective expectations of unemployment are reliable indicators of the probability of … becoming unemployed, and investigates their association with wage growth. We find that workers' fears of unemployment are … increased by their previous unemployment experience and by the unemployment experiences of a close friend, and are associated …

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …, causing both unemployment and excessive value added in exports. Moreover, excessive wages induce too much outsourcing of …