Flexibility and Job Creation: Lessons for Germany
This paper examines the performance of the German economy and the role of the regulation and welfare state policies in affecting its performance. While the German economy is still strong, incentives in place are likely to impair future German competitiveness and productivity.
Published: Aghion, Philippe (ed.) Knowledge, information, and expectations in modern macroeconomics: In honor of Edmund S. Phelps. Princeton and Oxford: Princeton University Press, 2003.