Sinn, Hans-Werner - In: Perspektiven der Wirtschaftspolitik : eine Zeitschrift … 7 (2006) 1, pp. 1-18
The article advances the hypothesis that Germany is unable to increase its gains from trade dispite increasing trading volumes. High and rigid German wages largely result from the minimum wage constraint imposed by a welfare state that offers generous replacement incomes. Confronted by low-wage...
