The German Labor Market During the Great Recession
Download or Read eBook The German Labor Market During the Great Recession PDF written by Britta Gehrke and published by . This book was released on 2018 with total page 38 pages. Available in PDF, EPUB and Kindle.
Author | : Britta Gehrke |
Publisher | : |
Total Pages | : 38 |
Release | : 2018 |
ISBN-10 | : OCLC:1304328578 |
ISBN-13 | : |
Rating | : 4/5 (78 Downloads) |
Book Synopsis The German Labor Market During the Great Recession by : Britta Gehrke
Book excerpt: This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform counterfactual exercises. We identify positive labor market performance shocks (likely caused by labor market reforms) as the key driver for the "German labor market miracle" during the Great Recession.