{"title":"Why Did the Labour Market in Germany Perform So Well during the Great Recession?","authors":"Mircea Tanasie","doi":"10.2139/ssrn.3133297","DOIUrl":null,"url":null,"abstract":"The economic crisis that hit the United States and Europe in 2007 had a considerable impact on employment. While unemployment has grown throughout OECD’s countries, the only exception was Germany, where actually unemployment decreased between 2008-2009. The main reasons lay on the country’s adjustment mechanism through internal numerical flexibility, as well as on its coordinated market economy system.","PeriodicalId":111949,"journal":{"name":"Econometric Modeling: Microeconometric Models of Household Behavior eJournal","volume":"18 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Econometric Modeling: Microeconometric Models of Household Behavior eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3133297","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The economic crisis that hit the United States and Europe in 2007 had a considerable impact on employment. While unemployment has grown throughout OECD’s countries, the only exception was Germany, where actually unemployment decreased between 2008-2009. The main reasons lay on the country’s adjustment mechanism through internal numerical flexibility, as well as on its coordinated market economy system.
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