Germany’s Job Miracle in the World Recession—Shock-Absorbing Institutions in the Manufacturing Sector
Germany’s Job Miracle in the World Recession—Shock-Absorbing Institutions in the Manufacturing Sector
复制标题
世界经济衰退中德国的就业奇迹——制造业的减震机构
DOI:
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发表时间:
2010
期刊:
影响因子:
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通讯作者:
J. Möller
中科院分区:
文献类型:
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作者:
J. Möller
This paper aims at analyzing the Germany’s so-called job miracle in the aftermath of the World Recession. The massive downturn mainly affected export-oriented manufacturing industries. These industries have shown an astonishingly moderate employment response. Hence there is strong evidence for substantial labor hoarding. By analyzing different branches of manufacturing one can shed some light on the buffering processes that took place at the firm level. It is shown that measures of within-firm flexibility—supported by labor market instruments like short-time work schemes—prevented Germany from major dismissals and a sharp increase in the unemployment rate.