Institutional Frameworks and Labor Market Performance

"Institutional Frameworks and Labor Market Performance" provides an in-depth analysis of the functioning of various labor market institutions in both the US and Germany. Particular emphasis is given to the substantial differences between the ways the US and Germany regulate important areas. The authors demonstrate the ways in which the impact of institutions on economic performance is ambivalent. Furthermore, they argue that the decision is not between regulation and deregulation, but rather between different degrees and forms of regulation.
All the factors which influence the functioning of labor markets are discussed, including detailed examinations of the German apprenticeship system, training and hiring behavior and international difference in working time. The broad range of contributors include Katherine Abraham, University of Maryland; Linda Bell, Haverford College; Robert Flanagan, Stanford University; Daniel S. Hamermesh, University of Texas at Austin; Susan Houseman, W. E. Upjohn Institute for Employment Research; and Paul Osterman, Sloan School of Management.