This paper focuses on the determinants of the labor market situation of young people in developed countries and the developing world, with a special emphasis on the role of vocational training and education policies. We highlight the role of demographic factors, economic growth and labor market...

This paper provides an overview of the employment situation of young and old workers in the EU Member States, setting out the most recent development during the crisis and dealing with policies implemented to promote the employment of both groups. The evidence collected shows that there is no...

Despite a more recent debate about ever deeper segmentation, we argue that since industrialization, Germany has continually experienced a dual labor market. One segment contains the primary segment of better paid and more attractive jobs, while the secondary segment encompasses rather low paid,...

Despite a more recent debate about ever deeper segmentation, the authors argue that since industrialization, Germany has continually experienced a dual labor market. One segment contains the primary segment of better paid and more attractive jobs, while the secondary segment encompasses rather...

Educational reforms aim to improve education quality and accessibility, creating positive externalities like individual growth and societal benefits. Although the global educational attainment has progressed, disparities still exist. This study applies the four-cell matrix developed by Münich...

History teaches valuable lessons. This article examines the performance of the stock market during various boom and bust phases over the last forty years in the United States. By doing so, four previous manias and panics scenarios are analyzed, including the 1987 black Monday crash, the Dotcom...

The world is changing its socio-economic landscape. By doing so, the phenomenon of a growing middle-class appears. Both household surveys and growth projections suggest that only about one-third of the global middle class is based in Asia. However, between 2009 and 2017, the global middle-class...

The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system took place and trace back the development of wage...

This article provides a historical overview of the institutional development of the structural elements of the standard employment relationship from the beginning of World War II until the 1973 oil crisis. The analysis deals with the determining factors of the reconstitution and adjustment of...

The paper provides a historical overview of the institutional development of the structural elements of the standard employment contract in Germany from the beginning of World War I until the outbreak of World War II. For this purpose, a model of the standard employment contract including...