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Unemployment and the Real Wage Gap: A Reappraisal of the German Experience

URN to cite this document:
urn:nbn:de:bvb:355-epub-108998
Landmann, Oliver ; Jerger, Jürgen
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Date of publication of this fulltext: 18 Dec 2009 09:20


Abstract

Unemployment and the Real Wage Gap: A Reappraisal of the German Experience. - The major European economies experienced a rise in unemployment since the late 1970s. At the same time, the real wage gap, a widely used measure of wage pressure, declined. This paper develops an analytical framework that relates the two phenomena. Particular emphasis is placed on the interaction of capital ...

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