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Unemployment Dynamics in the United States and West Germany

Economic Restructuring, Institutions and Labor Market Processes

  • Markus Gangl

Part of the Contributions to Economics book series (CE)

About this book

Introduction

The study provides a comparative empirical analysis of the dynamics of unemployment in the United States and West Germany. Based on longitudinal data and recent microeconometric methods, the analysis discusses different explanations for both the higher inflow into as well as the higher outflow from unemployment common in the United States. Despite cross-national differences in terms of the skill distribution and patterns of economic restructuring across industries and occupations, the study stresses institutional explanations for the observed country differences. Most importantly, more flexible U.S. labor markets contribute to higher labor turnover, resulting in both lower levels of job security, higher vacancy levels in external labor markets, and higher competitiveness of unemployed job seekers. Unemployment insurance, in turn, has only small effects on unemployment duration, yet contributes to smaller scar effects of unemployment among German workers.

Keywords

Cross-National Comparative Research Economic Restructuring Employment Import Job Loss Job Security Labor Market Labor Market Institutions Matching Unemployment Unemployment Duration

Authors and affiliations

  • Markus Gangl
    • 1
  1. 1.Wissenschaftszentrum Berlin für Sozialforschung GmbH (WZB)BerlinGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-57334-7
  • Copyright Information Physica-Verlag Heidelberg 2003
  • Publisher Name Physica, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-1533-7
  • Online ISBN 978-3-642-57334-7
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site
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