Unemployment in Germany: Reasons and Remedies

Norbert Berthold and Rainer Fehn

No 871, CESifo Working Paper Series from CESifo

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.

Keywords: unemployment; Germany; labor market reforms; venture capital; innovations (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-eec and nep-lab
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_871

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