This article discusses the necessary measures for a successful integration of the currently large number of refugees into the German labor market. It is argued that the integration of these refugees will depend largely on the transferability of their human capital to the necessities of the German labor market and will require substantial investments in their language skills, further human capital as well as some adjustments of current labor market institutions. In an historical context, however, Germany seems to be very well prepared to master this challenge.
Journal for Economic Policy is published on behalf of the Institute for Economic Policy at the University of Cologne. The Journal is open to publications from all areas of economics. Articles regarding current questions of German, European or international economic policy are preferred. At the center of each issue is the economic policy forum. It deals with topics, which are controversially discussed among the general public.