Titelaufnahme

We present stylized facts of local German labour markets using German administrative data and regional prices. We document regional variation in: unemployment rates, nominal wages, and real wages. The real wage gap between East and West Germany still persists 30 years after reuni cation whereas unemployment rates tend to converge. We investigate monthly worker ows across NUTS 3 regions. Unemployed workers in depressed regions are less likely to move than unemployed workers in prosperous regions. The most mobile group are unemployed workers in dense regions. Employed workers are less willing to move and have procyclical uctuations in their moving rates.