The failure of the German labor market

Horst Siebert

No 1169, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: The paper analyzes why Germany experiences the high and sticky unemployment. It looks at wage policy and proposes a new approach to measure productivity growth when unemployment increases. It studies the position of trade unions and the institutional set-up of the labor market. It looks at the role of the reservation wage for the lower segment of the labor market and discusses the impact of contributions to social security on the demand for labor.

Keywords: Institutional arrangement; Reservation wage; Social security; Unemployment (search for similar items in EconPapers)
JEL-codes: I3 J0 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1169

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