In Germany, free collective bargaining was introduced after the Great War in November 1918. Tough, it has constitutional status, we can observe that the state monitors and sometimes steers the collective bargaining process. This can be explained by using the Principal Agent Model as an...

In Germany, free collective bargaining was introduced after the Great War in November 1918. Tough, it has constitutional status, we can observe that the state monitors and sometimes steers the collective bargaining process. This can be explained by using the Principal Agent Model as an...

We study how inheriting parents’ credit histories affects credit scores, access to credit, and subsequent experiences of young indi- viduals entering the credit market. First, having an inherited credit history significantly positively affects credit scores at entry. Second, initial credit...