While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have successfully contributed to the decline of the unemployment rate, critics claim that the reforms led to wage restraint and consequently consumption dampening accompanied by...

In this paper we analyze the (potential) effects of labour market and fiscal policy reforms by heterogeneous European countries - Germany and France - on the domestic and foreign economy. We test the implications of the gains in matching efficiency and reduced unemployment benefits induced by...

While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have successfully contributed to the decline of the unemployment rate, critics claim that the reforms led to wage restraint and consequently consumption dampening accompanied by...

Seit Mitte der 1980er Jahre, besonders jedoch seit der Jahrtausendwende, ist in Deutschland ein stetiger Rückgang der Arbeitseinkommensquote (AEQ) zu beobachten. Der vorliegende Forschungsbericht analysiert die dieser Dynamik zugrunde liegenden Ursachen und charakterisiert sie in ihrer...