A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial … concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education … and low income in East Germany have little financial literacy compared to their West German counterparts. Interestingly …

to East Germany in 1989 experience a persistent rise in their personal incomes after the fall of the Berlin Wall … within a given West German region invest in East Germany. As a result, West German regions which (for idiosyncratic reasons … capita in the early 1990s. A one standard deviation rise in the share of households with social ties to East Germany in 1989 …

Italy and Germany have similar geographical differences in productivity – North more productive than South in Italy …; West more productive than East in Germany – but have adopted different models of wage bargaining. Italy sets wages based on … nationwide contracts that allow for limited local wage adjustments, while Germany has moved toward a more flexible system that …

Unemployment arises from frictions in the matching of job-seekers and employers. The level of resources that employers … devote to evaluating applicants for jobs is a key factor in the magnitude of the frictions. Unemployment will be low if …-selection by job-seekers, so that they apply mainly for jobs where they are qualified, friction and thus unemployment will be low …

unemployment and increasing reliance on social security persist across wide regions of East Germany together with these migration … networking rate, high average labor productivity, low unemployment and no emigration (quot;West Germany'') and one with a low … networking rate, low average labor productivity, high unemployment and a constant rate of emigration (quot;East Germany''). The …

unemployment to employment in routine occupations, (ii) that from labor force non-participation to routine employment, and (iii …

We study the employment and output effects of the short-time work (STW) policy in Germany between 2009 and 2010. This … findings suggest that STW can prevent increases in unemployment during a recession. However, the policy leads to a decrease in …