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Lohnpolitik und Beschäftigung – Debatte ohne Ende?

Jerger, Jürgen ; Landmann, Oliver


This paper takes a fresh look at the often confused – and therefore confusing – debate on the role of wage policy in tackling Germany’s unemployment problem. The key issues in this debate are the relative importance of wages and aggregate demand in the determination of employment, the appropriate behavior of wages in relation to productivity growth, and the significance of the purchasing power ...


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