Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less regulated labour and product markets in the US. Based on the Comparative German American Structural Database and the International Adult Literacy Survey we find that employment of...

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...

Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job creation. We find that the US has a more dispersed level of skills than Germany but even adjusted for skills, Germany has a more compressed wage distribution than the US. The...

Germany's more compressed wage structure is taken by many analysts as the main cause of the German-US difference in job creation. We find that the US has a more dispersed level of skills than Germany but even adjusted for skills, Germany has a more compressed wage distribution than the US. The...