Sinn, Hans-Werner - In: Perspektiven der Wirtschaftspolitik : eine Zeitschrift … 7 (2006) 1, pp. 1-18
The article advances the hypothesis that Germany is unable to increase its gains from trade dispite increasing trading … volumes. High and rigid German wages largely result from the minimum wage constraint imposed by a welfare state that offers … generous replacement incomes. Confronted by low-wage competition from post-communist countries, Germany overspecializes in …