Arbeitspapier
The German labor market during 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 post-unification 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: FAU Discussion Papers in Economics ; No. 09/2017
- 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
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gehrke, Britta
Lechthaler, Wolfgang
Merkl, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Friedrich-Alexander-Universität Erlangen-Nürnberg, Institute for Economics
- (wo)
-
Nürnberg
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Gehrke, Britta
- Lechthaler, Wolfgang
- Merkl, Christian
- Friedrich-Alexander-Universität Erlangen-Nürnberg, Institute for Economics
Entstanden
- 2017
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