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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...
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We sketch a visionary strategy for Europe in which full employment is quickly regained by 2020, income inequality is reduced and the economies are more sustainable. We call this scenario "vibrant". It is contrasted with what would happen if present policies continue within the European Union...
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While unemployment rates in Europe declined after the global financial crisis until 2018/2019, the incidence of long …-term unemployment, the share of people who have been unemployed for >1 year to the total unemployed, remained high. Moreover, the COVID …-19 pandemic could aggravate the long-term unemployment. This paper explores the factors associated with long …
Persistent link: https://www.econbiz.de/10012545022
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We answer this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 countries. Using the local projection method, we find that, during...
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