Horn, Gustav A.; Logeay, Camille; Rietzler, Katja - In: Management revue : socio-economic studies 19 (2008) 3, pp. 161-178
they consider lower wages and higher wage dispersion major prerequisites for stronger employment growth. The theoretical …The article examines the macroeconomic effects of the recent labour market reforms in Germany. The reforms increased … the downward pressure on wages and led to rising income inequality. Many German economists welcomed this effect, because …