Recession and Unemployment: A Comparative Analysis of Germany and the United States

Tanja Bosh (), Jonah Otto (), Martin Preuβ () and Savini Ranaweera ()
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Tanja Bosh: Augsburg University
Jonah Otto: Indiana University
Martin Preuβ: Augsburg University
Savini Ranaweera: Indiana University

A chapter in Globalization and Public Policy, 2015, pp 75-92 from Springer

Abstract: Abstract Unemployment is a long-term, cyclical problem that plagues governments and citizens in states across the globe. During periods of high unemployment, individual citizens struggle to provide basic needs for their families as they continue to search for gainful work. Consequently, governments become hard pressed to produce quality public service in the face of the dipping levels of tax revenue that results from low citizen income. Never has this systemic issue been more apparent than during the most recent economic recession. In exploring the large and complex phenomena of unemployment, taking a comparative analytical approach can bring useful insights to light. This paper discusses unemployment from the perspective of Germany and the United States. By comparing and contrasting these two highly developed economies and governments, it will be explained how they handle unemployment differently through their public policy practices. Analyzing the differences, successes, and failures of these two nations will then reveal what they can learn from each other as they continue to move forward economically and attempt to prevent another surge in unemployment.

Keywords: Labor Market; Unemployment Rate; Minimum Wage; Unemployment Benefit; Great Recession (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-17692-5_5

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DOI: 10.1007/978-3-319-17692-5_5

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