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Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on … the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures … contrasting it with the chosen strategy in the United States. In Germany, temporary cyclical reductions in working hours are …
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The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long. I use data from the...
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The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long. I use data from the...
Persistent link: https://www.econbiz.de/10013125172
Using an administrative dataset covering 2 million job loss events we analyze the impact of unemployment insurance (UI) benefits on spending from 2008 to 2020. We find that during the Great Recession spending cuts after job loss were deeper than in the subsequent expansion, but in the COVID-19...
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