Advanced Search
MyIDEAS: Login

Securing Jobs in Times of Recession. The German Experience during the Financial Crisis 2008/2009/Asegurando los puestos de trabajo en tiempos de recesión. La experiencia alemana durante la crisis financiera 2008/2009

Contents:

Author Info

  • DIETZ, MARTIN

    ()
    (IAB (Institute for Employment Research), GERMANY.)

  • STOPS, MICHAEL

    ()
    (IAB (Institute for Employment Research), GERMANY.)

  • WALWEI, ULRICH

    ()
    (IAB (Institute for Employment Research), GERMANY.)

Abstract

As a consequence of the global financial crisis Germany experienced the deepest slowdown of its economy since World War II. However, given the sharp decrease of GDP the German labour market was quite stable compared to previous recessions when the labour market response was stronger. Therefore, there are empirical indications for temporary labour hoarding and it can be shown that the most significant factor for securing jobs was a reduction of working time. At the beginning of the crisis the conditions for short-time work became more attractive to firms. Therefore, non-subsidised forms of working time reductions or labour hoarding were complemented by public subsi-dies in the form of short-time work. Como consecuencia de la crisis financiera mundial, Alemania ha experimentado la crisis económica más intensa desde la Segunda Guerra Mundial. Si embargo, dado el brusco descenso del PNB, el mercado de trabajo alemán ha permanecido bastante estable en comparación con periodos recesivos previos, en los cuales la respuesta del mercado de trabajo fue mayor. La evidencia empírica muestra una acumulación temporal de trabajo en las empresas y que el factor más relevante que ha asegurado los puestos de trabajo ha sido la reducción del tiempo de trabajo. Al comienzo de la crisis, las condiciones para las reducciones de jornada se volvieron atractivas para las empresas. Por tanto, formas no subvencionadas de reducción del tiempo de trabajo o de acumulación de mano de obra se vieron comple-mentadas con subvenciones públicas en forma de programas de reducción de jornada

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.revista-eea.net
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 30 (2012)
Issue (Month): (Abril)
Pages: 59-100

as in new window
Handle: RePEc:lrk:eeaart:30_1_18

Contact details of provider:
Postal: Beatriz Rodríguez Prado. Facultad de CC.EE. y EE. Avda. Valle del Esgueva. Valladolid 47011 SPAIN
Phone: (34) 983 423320
Fax: (34) 983 184568
Web page: http://www.revista-eea.net
More information through EDIRC

Order Information:
Email:
Web: http://www.revista-eea.net

Related research

Keywords: Acumulación de trabajo; crisis económica; empleo; políticas públicas ; Labor Hoarding; Economic Crisis; Employment; Public Policy.;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Cazes, Sandrine, 2009. "Labour market policies in times of crisis," ILO Working Papers 434163, International Labour Organization.
  2. Thomas Rothe, 2010. "Tägliche Dynamik auf dem deutschen Arbeitsmarkt," Wirtschaftsdienst, Springer, vol. 90(1), pages 64-66, January.
  3. Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
  4. Gary S. Becker, 1975. "Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, 2nd ed," NBER Books, National Bureau of Economic Research, Inc, number beck75-1.
  5. Taylor, Jim, 1979. "The Theory and Measurement of Labour Hoarding: A Comment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 26(2), pages 191-201, June.
  6. Hermann Gartner & Sabine Klinger, 2010. "Verbesserte Institutionen für den Arbeitsmarkt in der Wirtschaftskrise," Wirtschaftsdienst, Springer, vol. 90(11), pages 728-734, November.
  7. Bentolila, Samuel & Bertola, Giuseppe, 1990. "Firing Costs and Labour Demand: How Bad Is Eurosclerosis?," Review of Economic Studies, Wiley Blackwell, vol. 57(3), pages 381-402, July.
  8. Blinder, Alan S & Choi, Don H, 1990. "A Shred of Evidence on Theories of Wage Stickiness," The Quarterly Journal of Economics, MIT Press, vol. 105(4), pages 1003-15, November.
  9. Danielle Venn, 2009. "Legislation, Collective Bargaining and Enforcement: Updating the OECD Employment Protection Indicators," OECD Social, Employment and Migration Working Papers 89, OECD Publishing.
  10. René Fahr & Uwe Sunde, 2009. "Did the Hartz Reforms Speed-Up the Matching Process? A Macro-Evaluation Using Empirical Matching Functions," German Economic Review, Verein für Socialpolitik, vol. 10, pages 284-316, 08.
  11. Manfred Antoni & Elke J. Jahn, 2009. "Do Changes in Regulation Affect Employment Duration in Temporary Help Agencies?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 62(2), pages 226-251, January.
  12. Sabine Klinger & Thomas Rothe, 2012. "The Impact of Labour Market Reforms and Economic Performance on the Matching of the Short‐term and the Long‐term Unemployed," Scottish Journal of Political Economy, Scottish Economic Society, vol. 59(1), pages 90-114, 02.
  13. Kettner, Anja & Rebien, Martina, 2007. "Soziale Arbeitsgelegenheiten : Einsatz und Wirkungsweise aus betrieblicher und arbeitsmarktpolitischer Perspektive," IAB-Forschungsbericht 200702, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
  14. Martin Dietz & Michael Stops & Ulrich Walwei, 2010. "Safeguarding Jobs through Labor Hoarding in Germany," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 61(Supplemen), pages 125-166.
  15. Peter Howitt, 2002. "Looking Inside the Labor Market: A Review Article," Journal of Economic Literature, American Economic Association, vol. 40(1), pages 125-138, March.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:lrk:eeaart:30_1_18. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Beatriz Rodríguez Prado).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.