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| Title: | | Trade, technical change, and labour market adjustment  |
| Authors: | | Heitger, Bernhard Stehn, Jürgen |
| Issue Date: | | 2003 |
| Citation: | | [Journal:] The world economy [ISSN:] 0378-5920 [Volume:] 26 [Year:] 2003 [Issue:] 10 [Pages:] 1481-1501 |
| Abstract: | | The paper empirically examines three possible reasons for the high and rising unemployment of low-skilled employees in Germany: (i) an upsurge in interindustry trade, (ii) a skill-biased technical change, and (iii) a failure of labour market adjustment. The empirical analyses indicate that an exogenous wage-setting process as well as a bundle of factors, including a skill-biased technical and structural change, have contributed to the decline in relative demand for low-skilled employees in Germany. Thus, economic policy in Germany should focus on improving the employability of workers in the lower segment of the labour market and on raising the adjustment flexibility, above all the flexibility of the wage structure, of the German labour market. |
| JEL: | | J31 F11 O30 |
| Document Type: | | Article |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online
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