This paper discusses the reasons for the dismal labor market performance of Germany over the last three decades along with potential remedies. It argues that labor market rigidities along with a generous welfare state in conjunction with certain changes in the economic environment are important...

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...

[Einleitung:] Die deutsche Volkswirtschaft hat vor allem mit drei Problemen zu kämpfen: Das drängendste ist die persistent hohe Arbeitslosigkeit. Vor allem die zunehmende Arbeitslosigkeit unter den Jugendlichen und den wenig qualifizierten Arbeitnehmern gibt Anlaß zur Sorge. Die anhaltend...

This paper discusses the reasons for the dismal labor market performance of Germany over the last three decades along with potential remedies. It argues that labor market rigidities along with a generous welfare state in conjunction with certain changes in the economic environment are important...