"Race-to-the-bottom" deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is...

This paper analyzes wage structures in the public and the private sector for Germany. The data contains a rich set of variables on parents' characteristics that we use as instruments. We extend the empirical literature in this field by endogenizing education level and hours worked, and by using...

Preferences of a set of n individuals over a set of alternatives can be represented by a preference profile being an n-tuple of preference relations over these alternatives.A social choice correspondence assigns to every preference profile a subset of alternatives that can be viewed as the `most...