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|z 9781451843965
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|a Prasad, Eswar.
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|a The Unbearable Stability of the German Wage Structure :
|b Evidence and Interpretation /
|c Eswar Prasad.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (52 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper uses micro data from the German Socio-Economic Panel to document that the wage structure in West Germany was remarkably stable during 1984-97, with little variation over time in wage or earnings inequality between and within different skill groups. Empirical evidence suggests that this stability is attributable to institutional factors rather than market forces. The rigidity of relative wages, despite relative shifts in labor demand that favor skilled workers, has resulted in sharp declines in employment rates for unskilled workers. The microeconomic evidence is shown to have important implications for interpreting trends in wage shares, capital-labor ratios, and aggregate unemployment.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2000/022
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/022/001.2000.issue-022-en.xml
|z IMF e-Library
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