Können höhere Löhne zur Überwindung des Fachkräftemangels beitragen?

Abstract Germany faces an intense debate around labor and skills shortages. The authors argue that increased competition in the market consequently higher wages better working conditions are a crucial factor to address scarcity. This does not mean other measures combat scarcity, such as reforms immigration system, provision of childcare, or tax disincentives redundant. However, demographic transition will dramatically reduce supply, for is important allocate scarce more efficiently.