One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid increases in unemployment. Put differently, if the competitive market wage declines, why don't employers simply force their employees to accept lower wages as well? As an alternative...

SFB 649 Discussion Paper 2005-048 Zeitarbeit in Deutschland: Trends und Perspektiven Michael C. Burda* Michael Kvasnicka* * Institut für Wirtschaftstheorie II, Wirtschaftswissenschaftliche Fakultät, Humboldt-Universität zu Berlin, Germany This research was...

Time-diary data from four countries suggest that differences in market time between the unemployed and employed represent additional leisure and personal maintenance rather than increased household production. U.S. data for 2003-2006 show that almost none of the reduction in market work in areas...

Eastern Germanys recovery from the unification shock has beencharacterized by deep structural change with apparent repercussions for the West as well and an integration process involving both capital deepening (extensive and intensive investment) and labor thinning (net out-migration). I propose...