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Starke Hysteresis auf dem Arbeitsmarkt

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Belke, A., Göcke, M. Starke Hysteresis auf dem Arbeitsmarkt. Journal of Contextual Economics – Schmollers Jahrbuch, 114(3), 345-377. https://doi.org/10.3790/schm.114.3.345
Belke, Ansgar and Göcke, Matthias "Starke Hysteresis auf dem Arbeitsmarkt" Journal of Contextual Economics – Schmollers Jahrbuch 114.3, 1994, 345-377. https://doi.org/10.3790/schm.114.3.345
Belke, Ansgar/Göcke, Matthias (1994): Starke Hysteresis auf dem Arbeitsmarkt, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 114, iss. 3, 345-377, [online] https://doi.org/10.3790/schm.114.3.345

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Starke Hysteresis auf dem Arbeitsmarkt

Belke, Ansgar | Göcke, Matthias

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 114 (1994), Iss. 3 : pp. 345–377

2 Citations (CrossRef)

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Article Details

Belke, Ansgar

Göcke, Matthias

Cited By

  1. Slow adjustment to shocks or true hysteresis?

    Kösters, Wim | Belke, Ansgar

    Intereconomics, Vol. 31 (1996), Iss. 3 P.107

    https://doi.org/10.1007/BF02930438 [Citations: 2]
  2. Europe in the Global Competition

    Unemployment in Europe: Characteristics and Causes in an International Comparison

    Kösters, Wim | Belke, Ansgar

    1997

    https://doi.org/10.1007/978-3-663-10006-5_3 [Citations: 1]

Abstract

Strong Hysteresis in Labour Markets

This paper applies a system-theoretic model of hysteresis to the labour market. Our model shares a closer affinity to the original concept of magnetic hysteresis than conventional techniques to describe persistence effects via linear difference equations. The path dependence in the relation between real wages and employment is emphasised. Relatedly, we pay special attention to the question of aggregation: at the micro level, certain threshold values of the input variable have to be exceeded to produce shifts in the relation between wages and (un)employment; at the macro level, however, only small changes in the wage can yield long-lasting effects.