In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …, causing both unemployment and excessive value added in exports. Moreover, excessive wages induce too much outsourcing of …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …

declined over longer time spans in Eastern Germany since 1880 - except for the most recent period 1997-2006. In the Eastern … information on parents' schooling and employment status. Unemployment might have negative psychological effects, with impact on … unemployment was in fact the major driving force. …

The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypothesis in … manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

legislation, high union density, centralised wage setting and high inflation. …