Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

The difference between the potential net wage income and the social welfare payments is measured for different types of … (explicit and implicit) marginal tax rates for wage income of the recipients of social assistance are extremely high (up to 100 … impeded by the system of social assistance. As a consequence, unemployment increased. …

stronger for more recent cohorts. Less success in obtaining jobs with higher occupational autonomy explains half of the wage …

signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and …. Wage growth has been low in most developed economies because of underutilized labor if properly measured. Germany seems to … wage setting and labor market reforms. …

The German minimum wage was introduced in January 2015. This paper investigates the short-term macroeconomic impacts of … the introduction of the minimum wage and compared to actual developments of six key macroeconomic variables. The … deviations are interpreted as minimum wage effects. Robustness checks as well as a comparison with descriptive empirical results …

The German minimum wage was introduced in January 2015. This paper investigates the short-term macroeconomic impacts of … the introduction of the minimum wage and compared to actual developments of six key macroeconomic variables. The … deviations are interpreted as minimum wage effects. Robustness checks as well as a comparison with descriptive empirical results …

generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …’s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …

reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the … the existing disagreement in the macroeconomic literature on the unemployment effects of Hartz IV. We find that Hartz IV … was a major driver for the decline of Germany's unemployment and that partial and equilibrium effect where of equal …

This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run … relationships, interpreted as a labor demand and a wage setting scheme. Secondly, a structural VAR model is identified using the …