Rigider Arbeitsmarkt oder ungleiche Einkommensverteilung – Ein unlösbares Dilemma?

Berthold Norbert, Fehn Rainer and Thode Eric
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Berthold Norbert: Universität Würzburg Lehrstuhl für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik Sanderring 2, D-97070 Würzburg
Fehn Rainer: Center for European Studies Harvard University 27 Kirkland Street at Cabot Way Cambridge MA 02138; USA
Thode Eric: Universität Würzburg Lehrstuhl für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik Sanderring 2, D-97070 Würzburg

Zeitschrift für Wirtschaftspolitik, 2000, vol. 49, issue 1, 3-26

Abstract: The paper shows that a more flexible labor market is unequivocally necessary for a lasting and substantial reduction of unemployment. It furthermore points out that a more flexible labor market is even beneficial from a long-run distributional point of view. Hence, the key to liberalizing the labor market lies in overcoming widespread short-run distributional concerns. Increasing the short-run elasticity of labor demand with respect to the real wage by fostering venture capital markets appears to be a crucial stepping stone.

Date: 2000
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DOI: 10.1515/zfwp-2000-0102

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