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From Sick Man of Europe to Economic Superstar: Germany's Resurgent Economy

Author

Listed:
  • Christian Dustmann

    (Department of Economics, University College London, and CReAM)

  • Bernd Fitzenberger

    (Wirtschaftswissenschaftliche Fakultät Albert-Ludwigs-Universität Freiburg, and ZEW)

  • Uta Schönberg

    (Department of Economics, University College London, and CReAM)

  • Alexandra Spitz-Oener

    (Wirtschaftswissenschaftliche Fakultät, Humboldt-Universität Berlin)

Abstract

The astonishing transformation of the German economy from the 'sick man of Europe' to a lean and highly competitive economy is predominantly due to the decentralisation of wage bargaining rather than government labour market reforms.

Suggested Citation

  • Christian Dustmann & Bernd Fitzenberger & Uta Schönberg & Alexandra Spitz-Oener, 2014. "From Sick Man of Europe to Economic Superstar: Germany's Resurgent Economy," RF Berlin - CReAM Discussion Paper Series 1406, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
    • Handle: RePEc:crm:wpaper:1406
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    References listed on IDEAS

    as
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    6. DiNardo, John & Fortin, Nicole M & Lemieux, Thomas, 1996. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Econometrica, Econometric Society, vol. 64(5), pages 1001-1044, September.
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    8. Ingo Geishecker, 2006. "Does Outsourcing to Central and Eastern Europe Really Threaten Manual Workers’ Jobs in Germany?," The World Economy, Wiley Blackwell, vol. 29(5), pages 559-583, May.
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    11. Bernd Fitzenberger & Karsten Kohn & Qingwei Wang, 2011. "The erosion of union membership in Germany: determinants, densities, decompositions," Journal of Population Economics, Springer;European Society for Population Economics, vol. 24(1), pages 141-165, January.
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    17. Bispinck, Reinhard & Dribbusch, Heiner & Schulten, Thorsten, 2010. "German collective bargaining in a European perspective: Continuous erosion or re-stabilisation of multi-employer agreements?," WSI Working Papers 171, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
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    20. Gartner, Hermann, 2005. "The imputation of wages above the contribution limit with the German IAB employment sample," FDZ Methodenreport 200502_en, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
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    More about this item

    Keywords

    wage structure; competitiveness; wage bargaining; labour market reforms; Germany;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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