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France and Germany are two polar cases in the European debate about rising youth unemployment. Similar to what can be … observed in Southern European countries, a “lost generation” may arise in France. In stark contrast, youth unemployment has … been on continuous decline in Germany for many years, hardly affected by the Great Recession. This paper analyzes the …
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Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
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