The observation of highly regulated, but successful economies has given rise to the hypothesis of various viable models of labor market adaptability. The paper presents a quantitative indicator that tries to avoid a simplified flexibility-rigidity dichotomy and provides a detailed picture of the...

Im Falle handwerklicher Produkte und Dienstleistungen des Baugewerbes handelt es sich um sogenannte Vertrauensgüter, da ein (Laien-)Kunde ihre Qualität auch nach dem Kauf meist nur schwer beurteilen kann. Ohne ein geeignetes Regulierungsinstrument birgt diese Asymmetrie in der Verteilung der...

Despite a sequence of labor market reforms in recent years, employment of older workers in Germany is still lower than in many other European countries. The paper explains this by institutional factors that affect labor supply, labor demand and matching, i.e. labor market regulation, human...

Most Continental European labour markets and welfare states underwent a substantial transformation over the last two decades moving from a situation of low employment and limited labour market inequality to higher employment, but also more inequality. Germany is a case in point as it exhibits...