01834cas a2200277 a 4500 AALejournalIMF016066 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513521145 1018-5941 BD-DhAAL BD-DhAAL Klinger, Sabine. Immigration and Wage Dynamics in Germany / Sabine Klinger, Anvar Musayev, Jean-Marc Natal, Enzo Weber. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather well and suggest that relatively low wage growth can be largely attributed to low inflation expectations and low productivity growth. There is no evidence - from either aggregate or micro-level administrative data - that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity effects offset composition and competition effects. Mode of access: Internet Musayev, Anvar. Natal, Jean-Marc. Weber, Enzo. IMF Working Papers; Working Paper ; No. 2019/301 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/301/001.2019.issue-301-en.xml IMF e-Library