Institutional Frameworks and Labor Market Performance produces an in-depth analysis of the functioning of various labor market institutions in both the USA and Germany. Particular emphasis is given to the substantial differences between the US and Germany in the ways important areas are...

"In particular due to decisions made by the European Court of Justice, but also as a consequence of a serious malfunctioning, the German model of codetermination has once again become the subject of controversial debate. The costs of codetermination are considerable. These face returns that are...

In particular due to decisions made by the European Court of Justice, but also as a consequence of a serious malfunctioning, the German model of codetermination has once again become the subject of controversial debate. The costs of codetermination are considerable. These face returns that are...

This study investigates institutional and economic reasons for downward wage rigidity regarding three occupational skill groups. Based on a survey of 801 firms in Germany and an econometric analysis, we find strong support for explanations based on the effects of labour union contracts and...

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...