examines the impact of education on both risk components. France faces a higher unemployment rate than West-Germany, due to a … higher risk of entering unemployment whereas the risk, when unemployed, of not getting reemployed is lower than in Germany … graduates face a higher risk of getting unemployed in Germany than in France. Concerning the reemployment prospects of the …

mothers are higher in France than in Germany. Since the sample of mothers deciding on employment after a child is born might … characteristics appear to affect both the birth and the employment decisions in a different way in France and Germany. Some of the …

monetary policy to an independent and conservative central bank can be second best. Monetary policy in Germany during the past … independence in monetary policy making. Since the creation of a central monetary authority in 1876, Germany has participated in …