Germany’s labor market responded only mildly to the Great Recession. Important factors for this development include the strong economic position due to recent labor market reforms, the crisis affecting mainly export-oriented companies, the extension of short-time work, time buffers due to...

Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....

Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....

Der Artikel zeigt in den grundlegenden Zügen die Entwicklung in Ostdeutschland seit dem Beginn der Umstrukturierung auf und zieht eine Bilanz zum Stand des Anpassungsprozesses 20 Jahre nach dem Mauerfall. Wie sich an der Entwicklung der Wirtschaftsleistung zeigen lässt, ist der wirtschaftliche...