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- Title
The Labour Market in Germany: Reforms, Recession and Robustness.
- Authors
Weber, Enzo
- Abstract
This article discusses the German labour market development during the Great Recession as well as in the years before and until 2015. Germany's labour market witnessed a strong upswing during the recent decade and performed remarkably well in the Great Recession. Structural reforms before the crisis had improved the functioning of the labour market and initiated a solid upward trend that also helped overcome the crisis. High establishment-level flexibility allowed buffering the severe drop in GDP. While the employment upswing continued until today, critical developments concerned the increase in atypical jobs, weak wage growth and rising inequality.
- Subjects
GERMANY; LABOR market; EMPLOYMENT policy; RECESSIONS; ECONOMIC development; GROSS domestic product
- Publication
De Economist (0013-063X), 2015, Vol 163, Issue 4, p461
- ISSN
0013-063X
- Publication type
Article
- DOI
10.1007/s10645-015-9262-z