Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149200
Authors: 
Hartung, Benjamin
Jung, Philip
Kuhn, Moritz
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10341
Abstract: 
We provide new estimates on worker flow rates in and out of unemployment for Germany covering the last six decades. In the 1980s, Germany emerged as the sick man of Europe with a labor market characterized by persistently high unemployment rates. We attribute a substantial fraction of the rise in unemployment to a dramatic increase in inflow rates compared to the 1960s. Germany's recovery started in the mid-2000s after the Hartz reforms, when inflow rates persistently decreased. Comparing the German and U.S. labor market during recessions uncovers a striking similarity between the recent financial crisis in the U.S. and the German recession in the 1980s. We relate these findings to existing theories on labor market differences between the U.S. and Germany.
Subjects: 
labor market dynamics
worker flows
Germany
JEL: 
J63
J64
Document Type: 
Working Paper

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