Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftsordnung und Sozialpolitik
Sanderring 2, 97070 Würzburg
Research foci (and basic equipment-based research projects):
Unemployment in Germany and Europe
- Causes of unemployment
- Active and passive labour market policies
- Political economy of labour markets
The high level on unemployment has been the most important economic topic for German and European politicians for the last thirty years. Though causes for unemployment are multiple the impacts of wage setting institutions, of trade union activity, of welfare benefits and of public provision of private goods are suspected to be most severe. In addition, the ongoing international integration of markets for goods, labour and capital pronounces the inefficiencies of existing institutions in Germany and Europe. In this respect, research aims to identify market failure at first. Market failure is regarded as the underlying condition for efficient regulation by the public. Policies are examined that are supposed to cure market failure. The question arises why institutions and regulations can survive irrespective of their inefficiency. Due to political competition an analysis of political economy of labour markets reveals how interest group are successful in rent-seeking.