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The natural rate of unemployment in Germany Chancellor Schrder is confronted with multiple problems in Germanys current economic situation Rising unemployment numbers High non-wage-labor costs of 42 Inefficient and too expensive public services To really combat unemployment efficiently Schrder has to tackle all three main factors influencing the rise in unemployment in Germany as in all European countries 1 The natural rate of unemployment 2 The frictional unemployment 3 The structural unemployment These three factors are mainly due to 1 shift in demand towards better skilled employees because of technological change and the generous unemployment programs Higher unemployment is also due to the current general down-turn in the European and world economy 2 difficulties in matching workers with appropriate jobs 3 wage rigidity and union power Schrders Agenda 2010 tries to affect two dynamic parameters of our unemployment model basing on the natural rate of unemployment f should be positively influenced by 1 Enhancing the job search through a Cutting unemployment benefits in order to motivate people to really look for a job b Lowering hurdles for craftsmen to start on their own by abolishing the Meister requirement c Making governmental employment agencies more effective d To be more supportive to the entrepreneurship 2 Loosening wage rigidity through a Easing job protection with a choice between fixed compensation and court recourse allowing small companies more flexibility to hire and fire b Adjusting wages to their appropriate equilibrium through collective bargain-ing making labor less expensive This may lower s with the employers having to cut costs on the other hand Further measures are taken by reforming the educational system in order to prepare new and current workers
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