Labour Market Measures in Germany 2008–13: The Crisis and Beyond
In 1999, Germany was depicted as the “sick man of Europe” by The Economist. The economic trajectory was characterized by low economic growth and job creation, increasing unemployment, and sluggish structural change. It was thus seen as “an example of Eurosclerosis, i.e. a regime with a considerable lack of flexibility“ (Walwei, 2014, p. 3). Ten years later, when German employment rates were high and remained surprisingly stable throughout the deepest recession, this attitude had changed to admiration for the “German labour market miracle” (Krugman, 2009).
Additional details
Author(s)
- Ellen Ehmke and Fabian Lindner
References
- ISBN: 978-92-2-129770-3
Related content
Labour Market Measures in France 2008–13: The Crisis and Beyond
Labour Market Measures in Greece 2008–13: The Crisis and Beyond
Labour Market Measures in Ireland 2008–13: The Crisis and Beyond
Labour Market Measures in Italy 2008–13: The Crisis and Beyond
Labour Market Measures in Latvia 2008–13: The Crisis and Beyond
Labour Market Measures in Netherlands 2008–13: The Crisis and Beyond
Labour Market Measures in Poland 2008–13: The Crisis and Beyond
Labour Market Measures in Spain 2008–13: The Crisis and Beyond
Labour Market Measures in Sweden 2008–13: The Crisis and Beyond
Labour Market Measures in United Kingdom 2008–13: The Crisis and Beyond