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 …