Trade, technical change, and labour market adjustment

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: The world economy ; ISSN: 0378-5920 ; Volume: 26 ; Year: 2003 ; Issue: 10 ; Pages: 1481-1501 ; Oxford: Blackwell

Classification and Topics

• Classification: Wirtschaft ; Wage Level and Structure; Wage Differentials ; Neoclassical Models of Trade ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
• Subject: Arbeitslosigkeit ; Industriegüteraußenhandel ; Industrieller Strukturwandel ; Technischer Fortschritt ; Beschäftigungseffekt ; Ungelernte Arbeitskräfte ; Lohnbildung ; Bildungsinvestition ; Soziale Sicherung ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Heitger, Bernhard ; Stehn, Jürgen
• Event: Veröffentlichung
• (who): Blackwell ; ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Oxford
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/3101
• Last update: 10.03.2025, 11:42 AM CET