The Labor Market Dynamics of Economic Restructuring: The United States and Germany in Transition

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This study develops a framework for the analysis of labour market dynamics based upon a new dynamic flow analysis instead of the conventional labour stock data. To identify the dynamic elements in the labour market, information on flows is needed. Flow data that have become available in recent years - in this case on the US and Germany - show that an enormous amount of labour market mobility is occurring every month. Schettkat analyzes two of the world's most dynamic economies and labour markets - showing that the unemployed are far from being a fixed bloc but are rather a changing population responding greatly to structural alterations.

Author Bio

RONALD SCHETTKAT is currently a Fellow of the Netherlands Institute for Advanced Study and a Senior Fellow in the Labor Market and Employment research unit at the Wissenschaftszentrum in Berlin, Germany. He co-edited (with Eileen Applebaum) Labor Market Adjustments to Structural Change and Technological Progress (Praeger, 1990). Schettkat has worked for more than ten years in labor economics and has completed several international comparative studies.