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...

Full description

Saved in:
Bibliographic details
Main Author: Snower, Dennis
Merkl, Christian
Format: Paper
Language: English
Place of publication: 01.09.2008
Related: Institute for the Study of Labor (IZA)
Data of publication: 2008/09
Series: IZA Discussion Papers
Subjects:
Online Access: available in Bonn?
Database: RePEc
RePEc IDEAS
Database information Databases - DBIS