competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this …

(2000) testing for endogenous competition among job seekers in a matching frame-work, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework … is augmented by endogenous strategic hiring behavior on the side of vacancyposting firms. Neglecting job competition, the …

of migration flows from the New Member States to Germany. We demonstrate that immigration increased substantially despite … that Germany would have been better off, had it immediately opened its labor market. Finally, the Great recession allows us …

processes in West Germany. The empirical analysis is based on regional data for local employment office districts for the period …

Trade and migration have become more important in recent years for Austria and Germany. The transition in Central and …

– Germany and Greece. We thus find that in most countries dispersion in earnings increases with educational levels and that …