| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5723 |
| DP5723 Money Growth, Output Gaps and Inflation at Low and High Frequency: Spectral Estimates for Switzerland | |
| Stefan Gerlach; Katrin Assenmacher-Wesche | |
| 发表日期 | 2006-06-16 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The East German labor market has hardly made any progress since German reunification, despite massive migration flows and support from the West. We argue that East Germany is in trouble precisely because of the support it has received. This paper explores the phenomenon of 'the caring hand that cripples,' arising from bargaining by proxy, the adoption of the West German welfare system and the associated employment persistence. Even the steady decrease of labour cost (normalized by productivity) since the beginning of the 1990s did not help to kick start the East. We suggest that labor force participants fell into 'traps,' concerning low skills, ageing of the workforce, labour-saving capital and skills, capital underutilization, and unemployment arising from the decline of the tradeable sector. |
| 主题 | Labour Economics |
| 关键词 | German unification Labour markets Labour market traps |
| URL | https://cepr.org/publications/dp5723 |
| 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/534555 |
| 推荐引用方式 GB/T 7714 | Stefan Gerlach,Katrin Assenmacher-Wesche. DP5723 Money Growth, Output Gaps and Inflation at Low and High Frequency: Spectral Estimates for Switzerland. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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