While the US experienced two successive labor productivity surges in 1995 and 2000, Germany’s productivity declined … dramatically during the same period. We examine the sources of Germany’s productivity demise using the ifo industry growth … deeply lacking in the mid 1990’s as compared to the US. The transition to the new economy mitigated the German productivity …

types in 52 different industries. The industry sources of productivity and output growth are crucial to the understanding of …

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …

to advance both efficiency and equity. Returns to educational investments tend to decrease over the life cycle. Moreover … life cycle. This creates complementarities between efficiency and equity at early stages and trade-offs at late stages. The … paper goes on to discuss specific policies for efficiency and equity at each educational stage, ranging from early childhood …