The labor market in Germany, 2000–2016
Hilmar Schneider () and
Ulf Rinne ()
IZA World of Labor, 2017, No 379, 379
The EU’s largest economy, Germany, has managed to find an effective and unique combination of flexibility and rigidity in its labor market. Institutions that typically characterize rigid labor markets are effectively balanced by flexibility instruments. Important developments since 2000 include steadily decreasing unemployment rates (since 2005), increasing participation rates, and (since 2011) moderately increasing labor compensation. The German labor market has also been remarkably robust to the impacts of the Great Recession, thus providing a useful case study for other developed countries.
Keywords: wages; unemployment; Germany; vocational training; regulation (search for similar items in EconPapers)
JEL-codes: E23 M53 (search for similar items in EconPapers)
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