Institutional Frameworks and Labor Market Performance produces an in-depth analysis of the functioning of various labor market institutions in both the USA and Germany. Particular emphasis is given to the substantial differences between the US and Germany in the ways important areas are regulated. The authors show that the impact of institutions on economic performance is ambivalent. They argue that in this sense, the decision is not one between regulation and deregulation but rather one between different degrees and forms of regulation.
This book analyses the functioning of labor market institutions in the US and Germany. The authors compare differences in working time, training and hiring behaviour and provide a detailed examination of the German Apprenticeship system.
