A Macroeconomic Model of West German Unemployment: Theory and Evidence

ISBN-13: 9783540412441 / Angielski / Miękka / 2000 / 125 str.

Michael Reutter

Opis

This book was accepted in 1999 as doctoral thesis (Dr. oec. publ. ) by the faculty of economics of the Ludwig-Maximilians-Universitat in Munich. It won the dissertation price of the Alumni-Club of the economics faculty in the academic year 2000. Financial assistance by the German Research Asso ciation (DFG) for printing costs is gratefully acknowledged. I have to thank the people behind the B'IF, X-project, in particular Donald Knuth and Leslie Lamport, for their wonderful typesetting program. The supervisors of my thesis were Prof. Dr. G. Flaig and Prof. Dr. D. Marin. I would like thank both for their thorough reading of the book and their ideas and critical remarks. lowe much gratitude to my academic teacher Prof. Dr. G. Flaig for many insightful conversations about modern time series econometrics, asymptotic theory and data problems. His empha sis on clear theory combined with sound econometric methods formed my personal ideal of how to do applied economics. After he left the university in 1998I had the opportunity to continue my work at the Center for Economic Studies. Prof. Dr. H. -W. Sinn and my new colleaguesat CES provided a stim ulating environment for the completion of my dissertation. Finally, I want to thank my parents, my sister and my friends for being there and sharing my cheers and worries. Munich, October 2000 Michael Reutter Our main concern in philosophy and in science should be the search fortruth. Justification is not an aim; and brilliance and cleverness as such are boring."

Spis treści

Introduction.- Econometric Methods.- Cointegration Analysis; Modeling Seasonality; The Union-Firm Bargain: Bargaining Models; Empirical Tests; The Bargaining Solution: Definitions; The Allocation Set; The Proportional Solution; Why the Proportional Solution?; An Evaluation of Arguments Against the Proportional Solution; Labour Market Models and Wage Dynamics: An Unified Framework; An Empirical Implication; Empirical Results; Conclusions; Appendix; A Model of Involuntary Unemployment: The Firm; The Union; The Bargaining Solution; Bargaining as a Theory of the Long Run; The Econometric Model; Appendix; A Macroeconometric Analysis: The Data; Seasonal Structure; Cointegration Analysis; Discussion; Hysteresis: Hysteresis Models; Relation to Previous Studies; Hysteresis in German Unemployment; Conclusions; Index