immigrants in Germany show that ethnic identity is important for the decision to work and significantly and differentially …

This paper shows that 19th-century industrialization is an important determinant of the significant changes in Germany … Germany, we establish that nearly half of them experienced a reversal of fortune between 1926 and 2019, i.e., they moved from … the lower to the upper median of the income distribution or vice versa. Economic decline is concentrated in North Germany …

initiated by Shimer (2005): in an economy with search on credit and labor markets, a financial multiplier raises the elasticity …

been generated by short-term supply side problems, rather than excessive demand in the economy. Under these conditions …, just as in the Great Recession we anticipate deflation in the near future, coupled with rising joblessness and recession …

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …