Given the recent financial crisis, the German labour market performs relatively well. This has not been the case until recent years: collective bargaining and the rigid system of wage setting have been often cited as one of the reasons for Germany's high structural unemployment. Contrary, a...

"Given the recent financial crisis, the German labour market performs relatively well. This has not been the case until recent years: collective bargaining and the rigid system of wage setting have been often cited as one of the reasons for Germany's high structural unemployment. Contrary, a...

"Given the recent financial crisis, the German labour market performs relatively well. This has not been the case until recent years: collective bargaining and the rigid system of wage setting have been often cited as one of the reasons for Germany's high structural unemployment. Contrary, a...

Wage moderation in Germany is often cited as a major cause of its recent export success. We construct competitiveness measures at both industry and plant level using OECD STAN data in order to confront this hypothesis with empirical evidence. Our results show that plants' export intensity is...

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a pathological export boomʺ and a bazaar effectʺ. Excessively high wages defended by unions and the welfare state against the...

Michael Schmid, Universität Bamberg, und Karlhans Sauernheimer, Universität Mainz, fragen, was die ökonomische Theorie zu dieser Debatte beitragen kann, und stellen theoretische Ansätze vor, die einen pathologischen Exportboom implizieren. So verweist Schmidt u.a. auf Arbeiten von Krugman...

Michael Schmid, Universität Bamberg, und Karlhans Sauernheimer, Universität Mainz, fragen, was die ökonomische Theorie zu dieser Debatte beitragen kann, und stellen theoretische Ansätze vor, die einen pathologischen Exportboom implizieren. Sauernheimer macht darauf aufmerksam, dass aus der...

Auch Tobias Seidel, CES, folgt dieser Argumentationslinie im Rahmen der klassischen Handelstheorie und eines Zwei-Güter-Zwei-Länder-Ansatzes - allerdings unter der Annahme rigider Löhne - und kommt zu dem Ergebnis, dass die Verteidigung des hohen Lohnniveaus gegen die Marktkräfte zwar zu...