Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32511
Authors: 
Berthold, Norbert
Fehn, Rainer
Thode, Eric
Year of Publication: 
1999
Series/Report no.: 
Wirtschaftswissenschaftliche Beiträge des Lehrstuhls für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universität Würzburg 31
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.
JEL: 
E23
E24
E25
E44
J6
Document Type: 
Working Paper

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