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This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for postunification Germany. This allows us to disentangle the role of …
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cycle in Germany and in the United States. Previous research has found that, firstly, the extensive margin dominates and … Germany it is quite volatile over time. In general the intensive margin in Germany is more important than in the United States … Great Recession and the subsequent time period the intensive margin is dominant in Germany independent of the choice of the …
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soon after. We compare this recession to other major recessions in Germany and analyse to what extent changes in hourly … vergleichen diese jüngste Rezession mit früheren Rezessionen in Deutschland. Dabei untersuchen wir, in welche Ausmaß eine … wirkte, während eine Reduktion der Arbeitszeit nicht durchgehend zum Einsatz kam. In der Großen Rezession spielten temporäre …
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