EconPapers    
Economics at your fingertips  
 

The Response of German Establishments to the 2008–2009 Economic Crisis

Lutz Bellmann (), Hans-Dieter Gerner () and Richard Upward
Additional contact information
Lutz Bellmann: Friedrich-Alexander-Universität Erlangen-Nürnberg and Institut für Arbeitsmarkt-und Berufsforschung
Hans-Dieter Gerner: Institut für Arbeitsmarkt-und Berufsforschung

A chapter in Complexity and Geographical Economics, 2015, pp 165-207 from Springer

Abstract: Abstract The global economic and financial crisis which began in 2008 had very different effects on the labour markets of EU economies. In particular, unemployment rose far more in some countries than in others, even after conditioning on the fall in GDP. Thus, in the words of the OECD Employment Outlook (2012), some labour markets might be described as more “resilient” than others in the face of shocks. In this chapter we propose a simple descriptive methodology which relates output shocks and job flows to hires and separations. This methodology sheds light on many of the proposed explanations for the resilience of German establishments to the crisis, in particular the role of various institutional arrangements intended to promote workplace flexibility, such as short-time-work and working time accounts. The increasing availability of detailed linked employer-employee data will enable this methodology to be applied consistently across countries. The chapter therefore serves to open up a research agenda which compares the behaviour of firms’ hiring and firing policies across countries.

Keywords: Employment Growth; Demand Shock; Extensive Margin; Intensive Margin; Labour Market Institution (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (24)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Response of German Establishments to the 2008-2009 Economic Crisis (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-3-319-12805-4_8

Ordering information: This item can be ordered from
http://www.springer.com/9783319128054

DOI: 10.1007/978-3-319-12805-4_8

Access Statistics for this chapter

More chapters in Dynamic Modeling and Econometrics in Economics and Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:spr:dymchp:978-3-319-12805-4_8