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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3101| Title: | Trade, technical change, and labour market adjustment |
| Keywords: | J31 F11 O30 ddc:330 Arbeitslosigkeit Industriegüteraußenhandel Industrieller Strukturwandel Technischer Fortschritt Beschäftigungseffekt Ungelernte Arbeitskräfte Lohnbildung Bildungsinvestition Soziale Sicherung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Description: | The paper empirically examines three possible reasons for the high and rising unemployment of low-skilled employees in Germany: (i) an upsurge in interindustry 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3101 |
| Other Identifiers: | The world economy 0378-5920 26 2003 10 1481-1501 http://hdl.handle.net/10419/3101 ppn:376174552 ppn:376174552 RePEc:zbw:ifwkie:3101 |
| Appears in Collections: | EconStor |
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