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Sinn, Hans-Werner

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2 articles of this author have been cited in the European Press Review so far.

Taloussanomat - Finland | 15/07/2008

A modern Migration Period

In his column for the online financial daily Taloussanomat, Hans-Werner Sinn, Director of the Ifo Institute for Economic Research, discusses problems posed by migration in Europe today: "In the last four years more than 800,000 Eastern Europeans, primarily Poles, have gone to the UK to look for work. ... Most migrants are either entrepreneurs or unemployed. .. In principle, migration is useful both for immigrants and for the country of immigration. Immigrants earn more than at home, and the receiving country has access to cheap labour. ... [But] in practice, ... immigration is not as worthwhile as it could be, primarily because there are many obstacles to employing migrants. ... The receiving countries often try to limit migration to qualified labour. ... Destinations ... that attract qualified labour are above all ... countries where English is spoken, like Canada, Ireland, Australia, the US and the UK, but also Denmark and Norway. ... The European landscape is changing in this century just as quickly as in the Migration Period at the dawn of the Middle Ages."

Süddeutsche Zeitung - Germany | 28/12/2007

Battle over minimum wage in Germany

The introduction of a minimum wage for letter carriers in Germany has led to fierce arguments about minimum wages for other jobs. Economist Hans-Werner Sinn criticizes the approach: "In France, the minimum wage - which 15 percent of workers receive - has driven the youth into unemployment; it is thus indirectly responsible for the violent riots of recent years. ... 2007 will be seen as a turning point in German history, because this year Germany bade farewell to the social market economy of Ludwig Erhard. Up to now, Germany has held to the political regulatory credo according to which a market economy needs free prices, because prices are its main guiding force. Measures designed to correct the distribution of income are possible and necessary, but they must only be used as fiscal instruments. This credo has been abandoned."

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