Making wages flexible – a panacea of employment policy?

Author: Kurt Vogler-Ludwig

Publisher: Ifo Schnelldienst 16

Year: 1985

Language: German

Sectoral and qualification-related wage relations are inflexible in the short term, however adjust to sector-specific conditions in the long-term. A further flexibilisation does not make sense as it has the effect of subsidies of weak sectors which finally reduces productivity and GDP growth.

PDF (German)