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http://hdl.handle.net/10419/24830
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| Title: | | East German unemployment : the myth of the irrelevant labor market  |
| Authors: | | Merkl, Christian Snower, Dennis J. |
| Issue Date: | | 2008 |
| Citation: | | [Series:] Kiel working paper [No.:] 1435 [Editor:] Kiel Inst. for the World Economy, Kiel |
| Series/Report no.: | | Kiel working paper 1435 |
| Abstract: | | This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage adjustment after German reunification. We model the resulting labor market traps in a search and matching framework, show that they are difficult to overcome, and provide empirical evidence. We argue that under these circumstances, demand-side policies are effective mainly when they increase the economy's overall productivity and thereby help overcome the labor market traps. |
| Subjects: | | Unemployment labor market trap East Germany |
| JEL: | | E24 J30 J64 P2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW Economists Online
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