In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be replaced by a more decentralized system. This paper provides a critical assessment of the current wage bargaining institutions and reexamines the case for a more decentralized...

This paper deals with the German apprenticeship training system. We first set the scene by describing the operation of the system, including the statistical picture in terms of supply and demand and costs; the relationship between the vocational training and the educational systems; the complex...

This paper deals with the German apprenticeship training system. We first set the scene by describing the operation of the system, including the statistical picture in terms of supply and demand and costs; the relationship between the vocational training and the educational systems; the complex...

In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be replaced by a more decentralized system. This paper provides a critical assessment of the current wage bargaining institutions and reexamines the case for a more decentralized...

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...