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quits are important reasons for wage rigidities for high skilled labour. Compared to findings from the USA, in Germany …
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market institutions in both the USA and Germany. Particular emphasis is given to the substantial differences between the US …
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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...
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