preparedness of insolvency systems is measured according to a newly designed indicator that includes five dimensions of the … insolvency and restructuring regime (out-of-court restructuring, hybrid restructuring, reorganization, liquidation, and the … those countries need to step up efforts to improve their insolvency systems …

construction sector in Germany. Instead of estimating the effect on employment, the authors focus on the change of prices on a firm … estimations show that the minimum wage did have a different impact in East and West Germany. In East Germany, we find significant …, there was no significant price reaction observed for West Germany. The minimum wage seems too low compared to the wages paid …

, Germany maintains an extensive bad weather allowance system. Since the mid 1990s, these regulations have been subject to …