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:
E32
E24
J6
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2012
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Web of Science
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Academic OneFile (A&I only)
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