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Germany Selected Issues

This Selected Issues paper analyzes labor market asymmetries and macroeconomic adjustment in Germany. Empirical work reported shows that in Germany, negative demand shocks increase the unemployment rate by more than the decrease in the unemployment rate caused by a comparable-sized positive demand s...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Staff Country Reports
Subjects:
Private Pensions
Corporate & Business Tax
Labour
Expenditure
Taxation, Subsidies, And Revenue: General
Taxation
Income Tax
Unemployment: Models, Duration, Incidence, And Job Search
Unemployment
Public Finance & Taxation
Labor
Corporate Taxation
Wage Differentials
Pensions
Nonwage Labor Costs And Benefits
Wage Gap
Macroeconomics
Wage Level And Structure
Public Finance
Wages, Compensation, And Labor Costs: General
Income Economics
Pension Spending
Personal Income Tax
Wages
Personal Finance -taxation
Social Security And Public Pensions
Unemployment Rate
Income
Germany
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper analyzes labor market asymmetries and macroeconomic adjustment in Germany. Empirical work reported shows that in Germany, negative demand shocks increase the unemployment rate by more than the decrease in the unemployment rate caused by a comparable-sized positive demand shock. The contribution of labor costs to explaining the high level of unemployment, particularly since unification, is studied. Empirical estimates are obtained for the wage gap—the deviation of actual labor costs from warranted labor costs based on estimated production functions assuming competitive factor markets and full employment
Physical Description:167 pages
ISBN:9781451810318

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