This book analyses the functioning of labor market institutions in the US and Germany. The authors compare differences in working time, training and hiring behaviour and provide a detailed examination of the German Apprenticeship system.

List of figures, List of tables, Notes on contributors, 1 INSTITUTIONAL FRAMEWORKS AND LABOR MARKET PERFORMANCE, 2 WORK ORGANIZATION AND TRAINING IN AMERICAN ENTERPRISES, 3 WORKS COUNCILS, UNIONS, AND FIRM PERFORMANCE, 4 POLICY TRANSFERABILITY AND HYSTERESIS, 5 WHY DO AMERICANS AND GERMANS WORK DIFFERENT HOURS?, 6 INSTITUTIONAL INFLUENCES ON INTERINDUSTRY WAGE DIFFERENTIALS, 7 PROFIT SHARING IN GERMAN FIRMS, 8 THE GERMAN APPRENTICESHIP SYSTEM, 9 LABOR MARKET POLICY, INFORMATION, AND HIRING BEHAVIOR, 10 DIFFERENT INSTITUTIONAL ARRANGEMENTS FOR JOB PLACEMENT, 11 EMPLOYMENT DYNAMICS, FIRM GROWTH, AND NEW FIRM FORMATION, 12 LABOR ADJUSTMENT UNDER DIFFERENT INSTITUTIONAL STRUCTURES, 13 THE MACROPERFORMANCE OF THE GERMAN LABOR MARKET, Index