"The management approach of management by objectives (MBO) is currently experiencing a renaissance in European labour market policy. This paper first recapitulates key conceptional principles of the management by objectives model and stresses the relevance of the moral hazard problem. Then there...

"This paper gives a short overview of various training measures for young people run by the British government in the past 35 years. The 'New Deal', which was introduced in 1998, is described and its development up until the end of 1999 is portrayed. An evaluation of the 'New Deal' is presented,...

"Education is the 'raw material' of the knowledge-based society which is at the centre of the new neo-classical growth theory, and most of all at the heart of the evolutionary growth theory, as the innovation capabilities of economies depend on human capital. According to the more recent...

"In this study the length of time spent out of work by men and women in the Federal Republic of Germany and Great Britain is examined for the period 1990-1995 on the basis of the EPAG data set. The results show that the duration of unemployment among women in eastern and western Germany was...

"The beginning of the employment career is often associated with phases of unemployment. We argue that unemployment has different implications for different educational groups on future employment career depending on institutional settings in the UK and Germany. While search and matching models...

"Using two nationally representative establishment data sets, this paper investigates collective bargaining coverage and firms' choice of governance structures for the employment relationship in Britain and in (western and eastern) Germany. Both countries have experienced a substantial decline...

"Using German and British panel data, we analyse the impact of transitions from unemployment to full-time employment on life satisfaction, with special focus on the influence of job quality. On average there are pronounced positive effects of a new job in both countries, even after controlling...

"Employment protection legislation, unemployment benefits and active labor market policy are Janus-faced institutions. On the one hand they are devices of insurance against labor market risk that provide income and employment security. On the other hand they influence the capacities of labor...

"Institutional changes in the governance of employment services were the starting point of comprehensive labour market and social policy reforms - the so-called Hartz-reforms (2003-2005) - in Germany. Particularly with the Hartz IV reform in 2005 Germany's status- and occupation-oriented social...

"This paper examines the joint impact of international trade and technical change on U.K. wages across different skill groups. International trade is measured as changes in product prices and technical change as total factor productivity (TFP) growth. We take account of a multi-sector and...