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Full Description
This study examines the labor markets of the United States and Germany, developing a framework for the analysis of labor market dynamics based upon the dynamic flow analysis, instead of the conventional labor stock data. Until recently, labor market analysis was mainly based on stock data, which is a suitable data source for structural and aggregate phenomena but does not allow for the analysis of processes that are behind the net changes identified by stock data. To identify the dynamic elements in the labor market, information on flows is needed. In recent years flow data have become available, indicating that an enormous amount of that labor market mobility is occurring every month.
The use of flow data to analyze questions of the mismatch in the labor market and the underlying labor market dynamics has been suggested recently by scholars. The analysis presented in this study of the labor market in the U.S. and Germany uses these data to link dynamic concepts of labor market adjustment to flow data. This study will be of interest to scholars in labor economics and industrial organization.
Contents
Outline: Economic Progress, Structural Change, and Labor Market Dynamics Labor Market Dynamics and Economic Theory: Explaining Unemployment Analyzing Labor Market Dynamics: A Conceptual Framework Job Boom and Job Decline: Global Economic Trends in the United States and Germany Labor Market Dynamics in the United States Labor Market Dynamics in the Germany Conclusions for Labor Market Theories and Employment Policies Bibliography Name Index Subject Index
