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Indiana University Bloomington


The Kelley Advantage

The department is home to the authors of Managerial Economics and Business Strategy and Games and Information: An Introduction to Game Theory, two of the nation’s leading textbooks in the field.

Research and Publications

Working Papers

The Petersberg Declaration


Jürgen von Hagen, Klaus F. Zimmermann, Michael C. Burda, Kai A. Konrad, Friedrich Schneider, Hilmar Schneider, Gert G Wagner


Against the background of the worldwide financial market and economic crisis, leading German economists urge policymakers to maintain the reform course in labor market policy. The experts warn not to jeopardize the clearly positive effects of the recent reform efforts. The "Petersberg Declaration" also proposes an economic orientation of German immigration legislation and an improvement of the market for social services, which has so far been dominated by voluntary work. Moreover, the welfare state should encourage risk-taking as a key factor for mobility, innovation, and growth.


Zimmermann, Klaus F. & Burda, Michael C. & Konrad, Kai A. & Schneider, Friedrich & Schneider, Hilmar & von Hagen, Jürgen & Wagner, Gert G., 2009. "The Petersberg Declaration," IZA Policy Papers No. 1, Institute for the Study of Labor (IZA).


labor market, workfare, education, immigration law, welfare state