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Another Economic Miracle?The German Labor Market and the Great Recession

Rinne, Ulf; Zimmermann, Klaus F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

The mild response of the German labor market to the worst global recession in post-warhistory appears as an economic miracle. In response to the crisis, Germany has shown to bea strong case of internal flexibility. We argue that important factors that have contributed tothis development include...

Persistent link: https://www.econbiz.de/10009486981

When Short-Time Work Works

Cahuc, Pierre - 2018

Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...

Persistent link: https://www.econbiz.de/10012914329

Two-Tier Labor Markets in the Great Recession : France vs. Spain

Bentolila, Samuel - 2010

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

Persistent link: https://www.econbiz.de/10013135650

The Detrimental Effect of Job Protection on Employment : Evidence from France

Cahuc, Pierre - 2019

the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment …

Persistent link: https://www.econbiz.de/10012868796