Another economic miracle? The German labor market and the Great Recession
By U. Rinne, Klaus F. Zimmermann. Social Science Research Network, 2012
147 citations recorded by the source corpus.
Germany’s labor market responded only mildly to the Great Recession. Important factors for this development include the strong economic position due to recent labor market reforms, the crisis affecting mainly export-oriented companies, the extension of short-time work, time buffers due to working time accounts, the behavior of social partners, and automatic stabilizers. We emphasize the important interaction between short-time work and long-term shortages of skilled workers in sectors particularly affected by the crisis. Although Germany’s experience is in stark contrast to the United States, we identify and discuss common challenges at the center of the future jobs debate.
Subfields: Economics and Econometrics, General Health Professions
View Paper: https://www.semanticscholar.org/paper/c2da348e3a0f21f7b27152dd39146a7e2f155f96
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In Economics and Econometrics
In General Health Professions
Citations in the corpus
- From Sick Man of Europe to Economic Superstar: Germany's Resurgent Economy (2014, unknown): “Germany’s government under Gerhard Schröder implemented the so-called “Hartz Reforms” to the labor markets in 2003, which are often credited for spurring Germany’s economy (for example, Rinne and Zimmermann 2012, 2013; see Fitzenberger 2009 for a critical assessment of the Hartz Reforms).”
- Returning Home at Times of Trouble? Return Migration of EU Enlargement Migrants During the Crisis (2013, background): “In Germany, the crisis hit companies with relatively highly-qualified workers, in particular export-oriented and skill-intensive manufacturing (Rinne and Zimmermann, 2012; Kim, 2010; Papademetriou et al., 2010; Koehler et al., 2010) with lean labour cost structures.”
- Labor market policies and IMF advice in advanced economies during the Great Recession (2013, unknown): “30See Boeri and Bruecker (2011), Cahuc and Carcillo (2011) and Rinne and Zimmermann (2012).”