Zimmermann, Kl., (2013), “Labor Market Reforms and the Great Recession”, IZA Policy Paper, N. 75.
Germany can be regarded as a showcase for labor market reforms. Moreover, its labor market responded only mildly to the Great Recession. This paper assesses the role of the labor market reforms for the latter development. Against this background, general lessons are drawn from the German experience that include, for example, placing a greater emphasis on work incentives, individual responsibility and flexibility in combination with a solid level of social cohesion. Although it is clear that there is no one-size-fits-all solution, models and approaches that are developed for a specific country context can draw upon a number of features of the German model.
Relevant Posts
- Eichhorst, W., Hinte, H., Rinne, U., (2013), “Youth Unemployment in Europe: What to do about it?”, IZA Policy Paper, N., 65.
- Bernstein, J., (2013), “Paths to full employment”, The New York Times, Economix Blog, 02 Δεκεμβρίου.
- Lizoain, D., (2013), “The Jobs Recovery Is Always Two Years Away”, Social Europe Journal, 18 Νοεμβρίου.