Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36980
Authors: 
Eichhorst, Werner
Feil, Michael
Marx, Paul
Year of Publication: 
2010
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5045
Abstract: 
The current crisis, while of a global nature, has affected national labor markets to a varying extent. While some countries have experienced a steep increase in unemployment, employment in other developed economies has not fallen in parallel with a significant decline in GDP. Our analysis shows that labor market institutions frequently used to study employment performance can explain the development of unemployment in the situation of crisis in some clusters of countries much better than in others. One major factor to be incorporated in capturing national variations is the role of internal flexibility, in particular working time adjustment. This calls for a broader concept of labor market flexibility which takes into account different channels of adjustment.
Subjects: 
Labor market institutions
internal flexibility
employment protection
economic crisis
JEL: 
J23
J21
J58
Document Type: 
Working Paper

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