Beschreibung

"During the Great Recession, unemployment in Germany actually fell, even though economic output contracted more sharply there than in the U.S. Did Germany's job protection programs make the difference? Shigeru Fujita and Hermann Gartner explore how U.S. and German firms tend to respond to economic conditions and identify a different cause for Germany's muted labor market response." (Author's abstract, IAB-Doku) ((en))