Advocates of apprenticeship programs often argue as if it is simply a matter of historical accident which has hindered such investment by U.S. firms. This paper explores the structure of incentives undergirding the German system of apprenticeship training. First, we describe three...

This paper follows up recent work on the relationship between (un)employment and wage effects of social security financing undertaken by the OECD Jobs Study. Based on a simple macroeconometric model of the labour market, I investigate whether the peculiar OECD results for Germany on the...

In der September-Ausgabe 1998 des WIRTSCHAFTSDIENST veröffentlichten wir einen Aufsatz von Angela Schürfeld mit dem Titel „Droht ein Lohnsenkungswettbewerb in der Europäischen Währungsunion?". Hierzu Repliken von Prof. Dr. Jürgen Kromphardt sowie von Dr. Arne Heise und Thorsten Schulten...

We develop a theoretical model with labor market frictions, incomplete financial markets and with households which have two members. Households face unemployment risks but their members adjust their labor supplies to insure against unemployment. We use the model to explain the cyclical...