Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76429
Authors: 
Berthold, Norbert
Fehn, Rainer
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 871
Abstract: 
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 in explaining this development but cannot solely account for it. Barriers to entrepreneurship, to setting up new firms and to innovations which are prevalent on goods and capital markets also play an important role in explaining the lackluster German economic performance of which rising unemployment is only one part. Comprehensive institutional reforms are therefore called for.
Subjects: 
unemployment
Germany
labor market reforms
venture capital
innovations
Document Type: 
Working Paper

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