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WAGES AND EMPLOYMENT ACROSS SKILL GROUPS: AN ANALYSIS FOR WEST GERMANY Paperback - 1999 - 1st Edition
by FITZENBERGER BERND
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Details
- Title WAGES AND EMPLOYMENT ACROSS SKILL GROUPS: AN ANALYSIS FOR WEST GERMANY
- Author FITZENBERGER BERND
- Binding Paperback
- Edition number 1st
- Edition 1
- Condition New
- Pages 252
- Volumes 1
- Language ENG
- Publisher Physica-Verlag
- Date 1999-10-29
- Illustrated Yes
- Features Illustrated
- Bookseller's Inventory # BIBR-89970
- ISBN 9783790812350 / 3790812358
- Weight 0.84 lbs (0.38 kg)
- Dimensions 9.21 x 6.14 x 0.56 in (23.39 x 15.60 x 1.42 cm)
- Library of Congress Catalog Number 99050367
- Dewey Decimal Code 331.137
From the rear cover
This book explores empirically for West Germany whether a decline in the relative demand for less skilled workers resulted in increased unemployment. Using up-to-date econometric techniques, a balanced mixture between descriptive evidence and structural estimation is provided, and there are various findings in the book which require a modification of the conventional wisdom about labor market trends in West Germany. Overall wage dispersion has been increasing and wage growth has been higher for low-skilled and high-skilled workers compared to the medium skill group. A skill bias in labor demand trends is found and higher wage flexibility could have alleviated the dispersion in unemployment rates across skill groups. The main driving force appears to be technological progress, however, the evidence is also consistent with international trade causing a deterioration in the labor market position of low-skilled workers. With regard to wage bargaining, evidence for a short-run, but not for a long-run, moderation of wage demands is found in the presence of a negative labor demand shock.