TY - BOOK ID - 84543700 TI - Germany : Selected Issues. AU - International Monetary Fund. AU - International Monetary Fund PY - 1997 SN - 146230303X 1452758573 1280896736 9786613738042 1451997078 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Labor KW - Macroeconomics KW - Personal Finance -Taxation KW - Public Finance KW - Taxation KW - Corporate Taxation KW - Unemployment: Models, Duration, Incidence, and Job Search KW - Wages, Compensation, and Labor Costs: General KW - Taxation, Subsidies, and Revenue: General KW - Social Security and Public Pensions KW - Nonwage Labor Costs and Benefits KW - Private Pensions KW - Wage Level and Structure KW - Wage Differentials KW - Labour KW - income economics KW - Pensions KW - Public finance & taxation KW - Corporate & business tax KW - Unemployment rate KW - Pension spending KW - Wage gap KW - Personal income tax KW - Expenditure KW - Unemployment KW - Wages KW - Income tax KW - Income KW - Germany KW - Income economics UR - https://www.unicat.be/uniCat?func=search&query=sysid:84543700 AB - This Selected Issues paper analyzes labor market asymmetries and macroeconomic adjustment in Germany. Empirical work reported shows that in Germany, negative demand shocks increase the unemployment rate by more than the decrease in the unemployment rate caused by a comparable-sized positive demand shock. The contribution of labor costs to explaining the high level of unemployment, particularly since unification, is studied. Empirical estimates are obtained for the wage gap—the deviation of actual labor costs from warranted labor costs based on estimated production functions assuming competitive factor markets and full employment. ER -