I Einführung -- 1 Der Arbeitsmarkt im Überblick: Fragen an die Arbeitsmarktökonomik -- II Die Entscheidung der privaten Haushalte über die optimale Zeitallokation -- 2 Das Arbeitsangebot -- 3 Investitionen in das Humankapital -- III Die Firmenentscheidung über den optimalen Arbeitseinsatz...

This paper argues that the large differences among EU countries in post-crisis employment performance are to a large extent driven by the need to adjust corporate balance sheets, which had greatly deteriorated during the boom years in some countries but not in others. To close the large gaps...

We study the role of global trade imbalances in shaping the adjustment dynamics in response to trade shocks. We build and estimate a general equilibrium, multi-country, multi-sector model of trade with two key ingredients: (a) Consumption-saving decisions in each country commanded by...