explained? The paper claims that changes in labour market institutions such as unemployment benefits, active labour market … institutions, the pattern found in Germany shows sequences of de- and re-regulatory reforms of employment protection and increasing … or decreasing unemployment benefit generosity, both mostly addressing the margins of the labour market, i.e. 'outsiders …

with particular emphasis on industrial relations, wage setting, unemployment benefits, employment protection and vocational … training. The paper shows that institutions determine the mode of adjustment to changing economic conditions and the role of …