Short-time work, layoffs, and new hires in Germany: how the corona crisis differs from the financial crisis of 2009 (Series "COVID-19 Crisis: Consequences for the Labour Market")

Britta Gehrke and Enzo Weber
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Britta Gehrke: Institute for Employment Research (IAB), Nuremberg, Germany
Enzo Weber: Institute for Employment Research (IAB), Nuremberg, Germany

IAB-Forum, 2020, vol. 2020, issue 2020-12-16

Abstract: "The spread of the coronavirus has plunged the German economy into the worst recession in its post-war history. The corona crisis has impacted the German economy and labour market much more heavily than the financial crisis of 2009: Significantly more sectors are affected today than in 2009. Nevertheless, the number of layoffs has so far been limited compared to the number of workers on short-time work. The fact that, to date, all sectors have relied much more on short-time work than on layoffs shows that the majority of companies have – thus far – been willing to keep their staff." (Author's abstract, IAB-Doku) ((en))

Keywords: Bundesrepublik Deutschland; Pandemie; Auswirkungen; Beschäftigungseffekte; Betriebsunterbrechung; Entlassungen; Finanzkrise; Arbeitslosigkeitsentwicklung; Krisenmanagement; Kurzarbeit; Personaleinstellung; sektorale Verteilung; Arbeitskräftehortung; 2009-2020 (search for similar items in EconPapers)
Date: 2020-12-16
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