From sick man of Europe to economic superstar

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." (Author's abstract, IAB-Doku) ((en))

Cite article

Dustmann, C., Fitzenberger, B., Schönberg, U. & Spitz-Oener, A. (2014): From sick man of Europe to economic superstar. Germany's resurgent economy. (CReAM discussion paper 2014,06), London, 23 p. DOI:10.1257/jep.28.1.167