Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92364
Authors: 
Rinne, Ulf
Zimmermann, Klaus F.
Year of Publication: 
2012
Citation: 
[Journal:] IZA Journal of Labor Policy [ISSN:] 2193-9004 [Publisher:] Springer [Place:] Heidelberg [Volume:] 1 [Year:] 2012 [Pages:] 1-21
Abstract: 
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.
Subjects: 
economic crisis
Germany
short-time work
unemployment
labor market institutions
internal flexibility
JEL: 
J68
J21
P52
O57
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article
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