Sclerosis and large volatilities: Two sides of the same coin

The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates. ► The German labor market is known to be sclerotic (low labor market flo...

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Bibliographic details

Volume:	117
Main Author:	Gartner, Hermann Merkl, Christian Rothe, Thomas
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	LAUSANNE Elsevier B.V 01.10.2012 ELSEVIER SCIENCE SA
published in:	Economics letters Vol. 117; no. 1; pp. 106 - 109
ORCID:	0000-0003-1582-3547
Data of publication:	October 2012
ISSN:	0165-1765 1873-7374
EISSN:	1873-7374
Discipline:	Economics
Subjects:	Job-finding rate Labor market volatilities Vacancies Worker flows Unemployment Economics Business & Economics Social Sciences Labor market volatilities Vacancies E32 E24 Job-finding rate J6 Worker flows Unemployment LABOR-MARKET
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2012 Web of Knowledge Web of Science CrossRef Academic OneFile (A&I only) Database information Databases - DBIS