We argue that the existence of large amounts of specific human capital makes costly and slows down the adjustment in the labor market after large reallocation shocks. To illustrate this point we build a theoretical framework in which young agents’ career is heavily determined by initial...

An einem fehlerhaften Beispiel wird aufgezeigt, dass ein Land nicht in jedem Produkt einem anderen Land komparativ überlegen sein kann. Absolute Kostenvorteile sind in allen Produkten möglich, doch auch das unproduktivere Land besitzt in der Regel mindestens einen komparativen Kostenvorteil...

Der Artikel gibt einen Überblick über die wirtschaftliche Situation von Familien von Mitte März bis etwa Mitte Mai 2020, also den ersten zwei Monaten der COVID 19-Krise. Die Familieneinkommen sind wegen Arbeitslosigkeit und Kurzarbeit akut gefährdet. Auf der Einkommensseite greifen die...

The paper examines of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organisation away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the exsisting literature on the division of labour...

This paper supplements prior analysis on 'patterns and prospects' (Stephan, 2003) in which prospects for the speed of future productivity growth were assessed by looking at the specialisation patterns in domestic production. This analysis adds the foreign trade sphere to the results generated in...

The paper examines the determinants of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organization away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the existing literature on the...

Research on processes of innovation has emphasised the role of (publicly funded) research institutions (RTOs) as well as the embeddedness of innovation procedures in a systemic context. This paper deals with the changing contribution of RTOs to innovation systems due to the emergence of a highly...