Labor Market Analysis and Labor Market Policy in a Global Economy — An Alternative View (Commentary Paper)

  • Jürgen Kromphardt
Conference paper

Abstract

In their contribution to this volume Berthold/Fehn present an explanation of the causes of the high and persistent unemployment in Europe and especially in Germany and deduce some implications for labor market policy. According to their explanation the main influencing factors are real wage shocks and the wage bargaining results due to “myopic insiders”. In my paper I give an alternative explanation of the evolution of unemployment in Germany which takes the demand side of the product market duly into account.

Keywords

Europe Income Hunt 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. ANBA (1998), Arbeitsmarktstatistik 1997-Jahreszahlen. Amtliche Nachrichten der Bundesanstalt für Arbeit 46, special edition.Google Scholar
  2. Bean, Ch. (1994), European Unemployment: A Survey. Journal of Economic Literature 32, 573–619.Google Scholar
  3. Carlin, W. and D. Soskice (1990), Macroeconomics and the Wage Bargain. A Modern Approach to Employment, Inflation and the Exchange Rate, Oxford.Google Scholar
  4. Commission of the European Union (1997), European Economy 63, 140.Google Scholar
  5. Future Commission of the Friedrich Ebert Foundation (1998), Economic Performance, Social Cohesion, Environmental Sustainability. Three Goals - One Path, Bonn.Google Scholar
  6. Galler, H. (1999), Arbeitsmarkt und soziale Sicherungssysteme–Empirische Evidenz zu den Anreizwirkungen der sozialen Sicherung. Allgemeines Statistisches Archiv 83, 63–87.Google Scholar
  7. Hunt, J. (1985), The Effect of Unemployment Compensation on Unemployment, Duration in Germany, Journal of Labor Economics 13, 88–120.CrossRefGoogle Scholar
  8. Krupp, H.J. and K. Cabos (1996), Geldpolitik und Beschäftigung in: Gahlen, Hesse, Ramser (eds.), Arbeitslosigkeit und Möglichkeiten ihrer Überwindung, Tübingen, 365–393.Google Scholar
  9. Modigliani, F. (1997), The shameful rate of unemployment in the EMS: Causes and Curves, in: Collignon, S. (ed.), European Monetary Policy, London and Washington, 242–270.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

  • Jürgen Kromphardt
    • 1
  1. 1.Technical University BerlinBerlinGermany

Personalised recommendations