Mehr Beschäftigung und weniger Arbeitslosigkeit kann es in einer Marktwirtschaft nur geben, wenn die Arbeitsproduktivität, die Wertschöpfung pro Beschäftigten, stärker steigt als die Löhne. Ist dagegen die Lohnzunahme größer als der Produktivitätsfortschritt, so bauen die Unternehmen...

This paper analyzes the relationship between investment in information and communication technologies (ICT), non-ICT-investment, labor productivity and workplace reorganization. Firms are assumed to reorganize workplaces if the productivity gains arising from workplace reorganization exceed the...

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...

Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...