Arbeitspapier
The German labor market in the Great Recession: Shocks and institutions
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 institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform counterfactual exercises. We identify positive labor market performance shocks (likely caused by labor market reforms) as the key driver for the "German labor market miracle" during the Great Recession.
- Sprache
-
Englisch
- Erschienen in
-
Series: IAB-Discussion Paper ; No. 14/2017
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Fiscal Policy
Labor Economics Policies
Labor Turnover; Vacancies; Layoffs
- Thema
-
Great Recession
search and matching
DSGE
short-time work
fiscal policy
business cycles
Germany Keywords
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gehrke, Britta
Lechtaler, Wolfgang
Merkl, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Institut für Arbeitsmarkt- und Berufsforschung (IAB)
- (wo)
-
Nürnberg
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gehrke, Britta
- Lechtaler, Wolfgang
- Merkl, Christian
- Institut für Arbeitsmarkt- und Berufsforschung (IAB)
Entstanden
- 2017
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