| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP964 |
| DP964 Migration and Growth: The Experience of Southern Europe | |
| Riccardo Faini; Alessandra Venturini | |
| 发表日期 | 1994-05-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | We argue that wages have increased so far ahead of labour productivity in East Germany as to produce a problem that will continue to hound German policy-makers for the next two decades. Despite rapid rates of capital accumulation (around 9%) and growth (around 5%) in East Germany over the coming ten years, our estimates show that even if wage catch-up decelerates greatly, as long as it continues, the rate of unemployment in the East will still be twice as high as in the West in another ten years. Alternatively, if wage discipline forces the Eastern unemployment rate to come down to the Western level, wage differentials will widen substantially over these next ten years. Thus serious problems loom ahead. |
| 主题 | International Macroeconomics |
| 关键词 | German unification Regional convergence Wage subsidies |
| URL | https://cepr.org/publications/dp964 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530102 |
| 推荐引用方式 GB/T 7714 | Riccardo Faini,Alessandra Venturini. DP964 Migration and Growth: The Experience of Southern Europe. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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