Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …

"In this paper we study the effect of small labor market entry cohorts on (un)employment in Western Germany. From a … theoretical point of view, decreasing cohort sizes may on the one hand reduce unemployment due to 'inverse cohort crowding' or on … the other hand increase unemployment if companies reduce jobs disproportionately. Consequently, the actual effect of …

"Often the high level of unemployment in Germany is explained by a lack of flexibility, over-regulation in the labour …, regulation, and social security systems will show the importance of these institutions for the mobility of individuals. In this … market institutions exerting some influence on churning appear to be: the share of fixed term contracts in total employment …

"Often the high level of unemployment in Germany is explained by a lack of flexibility, over-regulation in the labour …, regulation, and social security systems will show the importance of these institutions for the mobility of individuals. In this … market institutions exerting some influence on churning appear to be: the share of fixed term contracts in total employment …

associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …

from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …

distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …