Is Germany the North Star of Labor Market Policy?
Germany’s recovery from an unemployment disease and its resilience to the Great Recession is remarkable. Its success story makes it a showcase for labor policy and labor market reforms. This paper assesses the potential of the German experience as a model for effective, evidence-based policymaking. Flexible management of working time (through overtime and short-time work, time accounts, and labor hoarding), social cohesion and controlled unit labor costs, combined with a rigid, incentive-oriented labor policy supported by effective program evaluation, define the characteristics of a strong reference model. Austerity, sometimes seen as core to the German model, is not viewed as a key element.
Year of publication: |
2013
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Authors: | Rinne, Ulf ; Zimmermann, Klaus F |
Published in: |
IMF Economic Review. - Palgrave Macmillan, ISSN 2041-4161. - Vol. 61.2013, 4, p. 702-729
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Publisher: |
Palgrave Macmillan |
Saved in:
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