Labour Market Institutions and Worker Flows: Comparing Germany and the US

摘要: We compare labor market flows in the United States and Germany between 1980 2004. In Germany, average worker out of unemployment are substantially lower; outflows equally volatile both countries; inflows about twice as contribute more to rate volatility. explore four candidates for these differences: benefits, union bargaining power, employment protection, efficiency matching unemployed workers open positions. findthat a lower can explain bulk cross-country differences. It amplifies business cycle adds persistence.