skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers … production structures in accordance with their comparative advantages. Labor market outcomes in Germany - especially when … compared with the United States - suggest that high unemployment is the price for insufficient wage flexibility. However, the …

In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed … remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political … Arbeitslosigkeit liefern und dass die auf dieser Analyse aufbauenden wirtschaftspolitischen Empfehlungen und Maßnahmen daher …