Minimum wage and job reallocation: The hidden role of financial constraints
The introduction of Germany’s minimum wage in 2015 did not cause substantial changes to overall employment; rather, it triggered large shifts in the…
Schlagwort
#financial crisis
5 Beitrage
Consequences of the COVID-19 PandemicInternational perspectives on applying short-time work during the Covid-19 crisis
“Short-time work proved to be a highly effective instrument in times of crisis.”
In Germany, short-time work has played a crucial role in stabilising the labour market both in the financial and the coronavirus crisis. At the same…
Short-time work, layoffs, and new hires in Germany: how the corona crisis differs from the financial crisis of 2009
The corona crisis has impacted the German economy and labour market much more heavily than the financial crisis of 2009. Nevertheless, the number of…
The German Employment Performance in an International Context
If you want to use a single indicator to understand how the German labour market compares internationally, then the employment rate is a fitting…
Recent book publication: Productivity Puzzles Across Europe
The economic shock of the financial crisis rivalled that of the Great Depression following the Wall Street Crash of 1929 in terms of the decline in…