Comments on Rüdiger Soltwedel and Peter Trapp, “Labor Market Barriers to More Employment: Causes for an Increase of the Natural Rate? The Case of West Germany” and on Martin J. Bailey,” Distortions, Incentives, and Growth”

doi:10.4324/9780429033360-16

Chapter

Comments on Rüdiger Soltwedel and Peter Trapp, “Labor Market Barriers to More Employment: Causes for an Increase of the Natural Rate? The Case of West Germany” and on Martin J. Bailey,” Distortions, Incentives, and Growth”

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ABSTRACT

The increasing, if not bewildering, trend of regulations for the German labour market is illustrated by Rüdiger Soltwedel and Peter Trapp. After having read their paper, I had the impression that West Germany is unique (compared with other countries) in regard to two institutions: the German Bundesbank and the overregulated German labour market.