Although the youth unemployment ratio in Germany may appear low compared to other countries, it is regarded a severe economic and social problem. There is no doubt that it is an especially gross form of waste of resources and “disinvestment” of human capital. In the long run no country can...

The longer the high levels of unemployment continue in western countries the greater is the discussion about a policy aimed at reducing unemployment which is independent of general counter-cyclical and growth policies. What type of labour market policy measures have been adopted up to now in...

Whereas in Europe the creation of jobs in the United States has been hailed as an “employment miracle”, in the USA itself there is concern mainly about the negative implications of the considerable increase in employment. A trend towards deindustrialisation, poor productivity and growing...