Escaping the Unemployment Trap: The Case of East Germany
This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed, the greater is their cumulative likelihood of falling into...
|Place of publication:||
Institute for the Study of Labor (IZA)
|Data of publication:||2008/09|
IZA Discussion Papers
|Online Access:||available in Bonn?|
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