Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
The @world economy
26 (2003), S. 0
ISSN:
1467-9701
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Law
,
Economics
Notes:
This paper empirically examines three possible reasons for the high and rising unemployment of low-skilled employees in Germany: (i) an upsurge in inter-industry 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.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-9701.2003.00583.x
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