Institutional Frameworks and Labor Market Performance provides an in-depth analysis of the functioning of various labor market institutions in both the USA and Germany. In close studies of the regulatory differences between the two countries, the authors examine the impact of those institutions on economic performance. On the basis of their findings they argue that the choice is not one between regulation and deregulation, but rather between different forms and degrees of regulation.
The authors discuss all the factors that influence the functioning of labor markets, including educational and vocational training systems; personnel recruitment, selection, and dismissal; work organization and hours of work; and labor law and labor relations. The book brings together leading specialists from the USA and Germany and will be of interest to students and practitioners in economics, political science, and the sociology of work.