This lecture is a tour dhorizon of the financial crisis aimed at extracting lessons for future financial regulation. It combines normative recommendations based on conventional welfare economics with positive assessments of the kind of measures likely to be adopted based on political economy...

"German employment protection legislation has recently come under criticism. Some complain that the employment protection legislation no longer protects the employment relationship against the arbitrary termination by the employer. Others emphasize that dismissal protection restricts firms'...

Die Beschäftigung in Deutschland ist in den letzten Jahren stark angestiegen, zu einem Teil auch in neuartigen und flexiblen Arbeitsverhältnissen, zu denen etwa die Zeitarbeit und die befristete Beschäftigung zählen. Damit hat sich eine Zweiteilung des Arbeitsmarktes in Arbeitsverhältnisse...

The Minimum wage in the roofing sector, which was introduced in 1997 and transferred to a national and generally binding level in 2003, has particularly affected the sector in Eastern Germany, even in an international comparison. However, the concomitant effective cost burden is limited. Based...