Abstract The paper shows that a more flexible labor market is unequivocally necessary for a lasting and substantial reduction of unemployment. It furthermore points out that a more flexible labor market is even beneficial from a long-run distributional point of view. Hence, the key to...

Abstract Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and generosity of welfare states. This paper...

This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment...

Am 16. August wird die von der Bundesregierung unter der Federführung des VW-Personalvorstands Peter Hartz eingesetzte Kommission ihre Vorschläge zur Reform der Arbeitsämter und der Vermittlungstätigkeit vorstellen. Erste Eckpunkte, die vorzeitig bekannt wurden, werden von Prof. Dr. Wolfgang...