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Germany allows to show that deepening capital may enhance TFP growth if capital is scarce. We also show that there is less …
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In a survey published in this Journal, Frege (2002) evaluates research on the German works council from the perspective of several disciplines, including economics. Ultimately, she concludes that economic analysis of the works council has reached a "dead end". The present treatment offers a very...
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Germany, our results are consistent with moral hazard due to the generous design of the welfare program, while in Japan, our …
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