The Unbearable Stability of the German Wage Structure PDF Download

Author: Eswar Prasad
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 70

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Book Description
The objective of this paper is to document the evolution of the German wage structure over the period 1984-97. The paper also investigates the roles of various factors that could have influenced patterns of changes in the wage structure. While a documentation of the evolution of the wage structure in Germany is interesting in its own right, the analysis in this paper, by facilitating comparisons with changes in the wage structures of other industrial countries, could potentially provide important clues to understanding the poor functioning of the German labor market in recent years. In particular, the analysis sheds light on the reasons behind and possible solutions for a particularly troubling problem, the high and rising rate of nonemployment among low-skilled workers.

Author: Benjamin Bruns
Publisher: GRIN Verlag
ISBN: 3656486913
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
Seminar paper from the year 2013 in the subject Economics - Job market economics, grade: 1,0, Humboldt-University of Berlin (Angewandte Mikroökonometrie / Arbeitsmarktökonomik), course: Topics in Labour Economics, language: English, abstract: Using a large administrative data set, a recent study by Dustmann, Ludsteck, and Schönberg [2009] finds convincing evidence for rising wage inequality in West Germany during the past three decades. Their paper shows that the increase occurred above the median during the 1980s, and was augmented by rising inequality below the median in the 1990s. These results challenge the pervasive conception of the German wage structure being a paragon of stability. Within the scope of this seminar paper, I replicate parts of their analysis using a different data set, namely the German Socio-Economic Panel (GSOEP) for the period from 1984 to 2009. Using monthly and hourly earnings constructs, I assess the extent to which the results of Dustmann, Ludsteck, and Schönberg [2009] can be recovered from GSOEP data. I do so by exploring the wage distribution along several dimensions. In addition to this, I analyze composition-constant counterfactual wage densities using the kernel density reweighting method advanced by DiNardo, Fortin, and Lemieux [1996]. A provisional evaluation of my results suggests that I can confirm the majority of findings of the original paper along a qualitative dimension. A quantitative assessment, however, reveals considerable deviations.

Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 9781589063235
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets. Other papers in the issue look at German wage structures, contagion in equity markets, export orientation and productivity in Sub-Saharan Africa, the role of higher vs. basic education in economic development, and issues related to capital account liberalization.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451810369
Category : Business & Economics
Languages : en
Pages : 44

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Book Description
This 2002 Article IV Consultation highlights that Germany’s economy is poised for a fragile recovery, after having barely grown since mid-2000. The earlier price shocks and interest rate hikes that contributed to the current slowdown have now unwound. However, sluggish global growth, stock market declines, weak credit growth, and the withdrawal implied by planned fiscal consolidation may stand in the way of a strong recovery. Real GDP growth in 2002 is estimated at about 0.5 percent, with the general government deficit set to exceed 3 percent of GDP.

Author: Hans-Werner Sinn
Publisher: MIT Press
ISBN: 0262195585
Category : Competition, Unfair
Languages : en
Pages : 357

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Book Description
This pointed, hard-hitting and incisive analysis of Germany's economic malaise is hardly calculated to win popular applause in Germany. Hans-Werner Sinn finds that Germany's dearest child, the welfare state, is the cause of its economic problems. Many Germans rely on transfer payments, so it is politically unfeasible for politicians to reduce the scope of government spending and correct the distortions it causes. However, the author argues quite convincingly that the welfare state is simply unsustainable in its current form. getAbstract recommends this book to anyone interested in the future of Germany and, for that matter, in the future of the modern welfare state.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264206930
Category :
Languages : en
Pages : 118

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Book Description
OECD's 2014 Economic Survey of Germany examines recent economic developments, policies and prospects. Special chapters cover financial sector resilience, the domestically oriented sector and socially inclusive growth.

Author: S. M. Ravi Kanbur
Publisher: Taylor & Francis
ISBN: 0415777410
Category : Business & Economics
Languages : en
Pages : 587

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Book Description
This book looks at the links between the formal and informal labor market in developing and transition economies, working towards an accurate understanding of labour markets and analyzing alternative policy proposals.

Author: Ravi Kanbur
Publisher: Taylor & Francis
ISBN: 1135969388
Category : Business & Economics
Languages : en
Pages : 586

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Book Description
As developing and transition economies enter the next phase of reforms, labor market issues increasingly come to the fore. With the increased competition from globalization, the discussion is shifting to the need for greater labor market flexibility and the creation of "good" jobs. Moreover, the greater actual and perceived insecurity in labor markets has generated a new agenda on how to structure safety nets and labor market regulation. The older questions of the links between the formal and informal labor market, reappear with new dimensions and significance. More generally, it is clear that an accurate understanding of how labor market structures function is essential if we are to analyze alternative policy proposals in the wake of these concerns. Oddly enough, in spite of this great importance, there are no recent monographs that bring together rigorous studies produced by academic researchers on these various issues. This book fills that gap. Under the steely editorship of Ravi Kanbur and Jan Svejnar, the contributors flourish in their attempts to enliven these debates.

Author: A B Atkinson
Publisher: Oxford University Press on Demand
ISBN: 0199532435
Category : Business & Economics
Languages : en
Pages : 505

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Book Description
Examining what people are paid and how pay differences have changed over time, this title presents new theories that challenge thinking on the impact of education, technology, globalization and the rigidity of labour markets.

Author: Jinjun Xue
Publisher: World Scientific
ISBN: 9814401714
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
In the era of globalization and liberalization, the world is enjoying high growth as well as suffering from the ill-effects of unequal distribution of its economic outcomes. The activities of anti-government demonstrations in China and across the world via the Occupy Wall Street Movement highlight that inequality has become an international phenomenon. It is apparent in both poor countries under authoritarianism and rich countries governed by a democratic regime. Thus, inequality has become not only a hurdle to development but also a threat to social and political stability. The spread of the Jasmine Revolution across parts of North Africa and the Arab Spring are illustrative of what can happen under certain circumstances. This book confirms the inconsistencies between high growth and increasing inequality via a series of case studies across 11 countries, numerous regions, and OECD members. Many of the case studies draw upon original household surveys. Our findings indicate the seriousness of income inequality, explore factors that have caused the inequality and analyze their economic and social consequences. The book raises, and deals with, three key questions: (1) Can high growth reduce inequality gradually? (2) Can government intervention be effective in equalizing income distribution? (3) Is the income disparity an engine for, or an obstacle of, high growth? Contents:Globalization, Liberalization, Growth and Income Inequality:Growth and Inequality in ChinaGrowth and Inequality in Hong KongGrowth and Inequality in the United StatesGrowth and Inequality in IndiaGrowth and Inequality in GermanyGrowth and Inequality in KoreaGrowth and Inequality in the UKGrowth and Inequality in IndonesiaGrowth and Inequality in ThailandGrowth and Inequality in SingaporeGrowth and Inequality in JapanFactor and Policy Analysis on Income Inequality:Informal Employment and Income DisparityEducational Disparity and Income DisparityHousing Inequality and Underlying Factors in Urban ChinaAgriculture Profitability and Income DisparityLabor Migration and Income InequalityIncome Inequality, Labor Migration and the Lewis Tuning PointTrade-offs and Complementarities Between Growth and Inequality in OECD Countries Readership: Researchers, students, government officers and general readers interested in income distribution studies. Keywords:Income Distribution;Globalization and Liberation;Unequal Distribution;Income Disparity;Emerging EconomiesKey Features:Income disparity is a hot topic in the 21st century. This book reflects the latest developments of economic growth and income disparity with case studies of 11 countries. It reveals how serious is the inequality, where inequality comes from and how to deal with these issuesThe book contains basic theories and analysis and methodologies for the subject of income distribution which helps readers to have a better understanding about growth and inequality and learn how to analyze the issuesThe empirical researchers conducted in the book are based on original household surveys and the latest public data. It displays a real picture of the countries with reliable dataThe authors are leading experts of the field and are from countries like China, India, Korea, Japan, the UK, the USA and Germany. They elaborate on the economic growth and income disparity in depth. Meanwhile, the emerging economies like China and India are main targets in the bookReviews: “Is rapid economic growth compatible with acceptably low income inequality? Is inequality good or bad for growth? Is growth good or bad for inequality? This book presents eleven country studies and several chapters on specific relationships between growth and inequality. It therefore provides a wealth of information that will help to answer these questions of great and growing importance in today's world.“ Professor John Knight The University of Oxford “China's economic growth and structural change in the reform era and its acceleration in the early twenty first century are reshaping the global economy. Perceptions of whether the fruits of growth have been distributed equitably will determine whether growth retains its priority. This interesting and important book sheds new light on these big questions. Some of the new insights are surprising.“ Professor Ross Garnaut Vice-Chancellor's Fellow “This book shows that income disparity is a result of economic and social development and that increasing inequality may lead to social and political instability. This, in turn, is likely to affect the economic development process. This is particularly the case in China where increasing income disparity is pushing the country to the tipping point that may affect China's modernization process.“ Professor Li Shi Beijing Normal University “This book provides a useful assessment of growth and inequality in a rapidly changing world. Several chapters focus on the growing concerns with rising inequality, the cause and effect of such inequality, and its relation to overall growth and poverty reduction. This book will assist the international development community in understanding inequality in today's world as well as providing a useful pedagogical tool for policy makers and other researchers.“ Shaohua Chen Senior Statistician The Development Economics Research Group of the World Bank