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The labor market in Germany, 2000–2018

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  • Hilmar Schneider

    (IZA, Germany)

Abstract

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 was remarkably robust to the impacts of the Great Recession, thus providing a useful case study for other developed countries.

Suggested Citation

  • Hilmar Schneider, 2019. "The labor market in Germany, 2000–2018," IZA World of Labor, Institute of Labor Economics (IZA), pages 379-379, December.
  • Handle: RePEc:iza:izawol:journl:2019:n:379
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    References listed on IDEAS

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    Cited by:

    1. Bod’a, Martin & Považanová, Mariana, 2021. "Output-unemployment asymmetry in Okun coefficients for OECD countries," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 307-323.

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    More about this item

    Keywords

    wages; unemployment; Germany; vocational training; regulation;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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