The Role of Wage and Skill Differences in US-German Employment DifferencesRichard B. Freeman, Ronald Schettkat
NBER Working Paper No. 7474 Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less regulated labour and product markets in the US. Based on the Comparative German American Structural Database and the International Adult Literacy Survey we find that employment of skilled to unskilled labour is unrelated to differences in skill premium but that changes in relative employment are related to changes in relative wages raising the possibility of some substitution behavior. Still, the differing dispersion of wages is not a major contributor to differences in employment rates. The jobs problem in Germany is one of a general lack in demand for labor.
Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): 10.3386/w7474 Published: Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), vol. 219/1-2 (July 1999): 49-66 citation courtesy of Users who downloaded this paper also downloaded* these:
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