The Medium Scale Enterprises and the Labour Market. Do the Medium Scale Enterprises Solve the Employment Problems of the German Economy?

1988 ◽  
pp. 135-136
Author(s):  
Beate Brüninghaus
Keyword(s):  
Labour Market ◽  
German Economy ◽  
Medium Scale

Labour market fluctuations in GIPS – shocks vs adjustments

2017 ◽  
Vol 38 (7) ◽  
pp. 913-939 ◽  
Author(s):  
Marek Antosiewicz ◽  
Piotr Lewandowski
Keyword(s):  
Labour Market ◽  
Open Economy ◽  
Great Recession ◽  
German Economy ◽  
Impulse Response Functions ◽  
Content Type ◽  
The Great Recession ◽  
Cyclical Fluctuations ◽  
German Model ◽  
Lower Variability

Purpose The purpose of this paper is to identify factors behind cyclical fluctuations and differences in adjustments to shocks in Greece, Italy, Portugal and Spain (GIPS) and a reference country – Germany. The authors try to answer the question whether the GIPS countries could have fared differently in the Great Recession if they reacted to shocks affecting them like a resilient German economy would have. Design/methodology/approach The authors use a DSGE model of real open economy with search and matching on the labour market and endogenous job destruction, estimated separately for each country. The authors calculate impulse response functions, historical decompositions and perform counterfactual simulations of the response of the German model to the sequence of shocks identified for each of GIPS. Findings The authors find that all GIPS countries were more vulnerable to productivity and foreign demand shocks than Germany. They would have experienced lower macroeconomic volatility if they reacted to their shocks like Germany. Employment (unemployment) rates in GIPS would have been less volatile and higher (lower) during the Great Recession, especially in Spain and Greece. Real wage volatility would have been higher, especially in Spain and Portugal. Originality/value The trade-off between unemployment and wage adjustments vis-à-vis Germany was the largest in Spain, which also would have experienced lower variability of job separations and hirings. The evolution of the labour market in Greece and Portugal was driven rather by its higher responsiveness to GDP fluctuations than in Germany, whereas Italy emerges as the least responsive labour market within GIPS.

Are Labour Market Reforms the Answer to Post-Euro-Crisis Management? Reflections on Germany’s Hartz Reforms

2018 ◽  
Vol 26 (4) ◽  
pp. 738-754
Author(s):  
Luo Chih-Mei
Keyword(s):  
Interest Rates ◽  
Labour Market ◽  
European Integration ◽  
Crisis Management ◽  
German Economy ◽  
German Society ◽  
Public Confidence ◽  
Market Reforms ◽  
Euro Crisis ◽  
Labour Market Reforms

This article is an attempt to clarify the effects of the German labour market reforms, commonly known as the Hartz reforms. Competing arguments were used to identify the welfare implications for German society and the German economy in order to explore whether or not such labour market reforms might provide another German answer, following fiscal discipline, to the EU’s post-euro-crisis management. This paper confirms that the Hartz reforms effectively reduced German unemployment, but they did not fundamentally solve the problem. Moreover, such effects appeared to propagate an increase in size of the low-paid sector, declining wages and increasing income inequality. The reforms were not welfare-enhancing for individuals because of increased poverty levels in employment and unemployment, which further implied a counter-productive risk for the German economy because of the contraction of domestic consumption, and potential social instability for German society because of rising inequality and deteriorating living standards. Therefore, Hartz-style reforms are neither a desirable model for other EU countries, nor the answer to Europe’s post-euro-crisis management in a time of fiscal austerity and negative interest rates. The real danger to European integration, as argued in this article, is not the challenge from high unemployment, but from Germany’s complacency of a one-size-fits-all thinking and, being the EU’s leading country, its double standards towards and ignorance of the differential nature and contexts of the European unemployment issue compared with the German one. This article warns that the mishandling of labour market reforms could result in the collapse of the already fragile public confidence in European integration.

scholarly journals ENTREPRENEURSHIP IN GERMANY AND THE ROLE OF THE NEW SELF‐EMPLOYED

2006 ◽  
Vol 7 (2) ◽  
pp. 59-67 ◽  
Author(s):  
Herbert Gruner
Keyword(s):  
Labour Market ◽  
German Economy ◽  
Policy Instruments ◽  
New Labour ◽  
Labour Market Policy ◽  
Market Policy ◽  
Self Employment

In the following article we show the meaning of entrepreneurship and self employment for the German economy after the reunification. We flashlight the German founding boom since 2003, as new labour market policy instruments have been developed and financed. On the basis of three regional investigations we compared the new self‐employed according to: social and vocational‐biographical development, motivation and nature of business founded, founding qualifications and qualification strategies.

Book reviews: Michał Moszyński, Zenon Wiśniewski: LABOUR MARKET POLICY IN THE GERMANY'S SOCIAL MARKET

2021 ◽  
Vol 562 (1) ◽  
pp. 27-29
Author(s):  
Mirosław Szreder
Keyword(s):  
Labour Market ◽  
German Economy ◽  
Economic Consequences ◽  
Social Market Economy ◽  
Labour Market Policy ◽  
Employment Policy ◽  
Market Policy ◽  
Investment Promotion ◽  
German Model ◽  
Social Market

In the presented monograph, a distinction can be made three main problem areas. Considerations theoretical focus is on the German model Social Market Economy. Lots of space devoted to the role of labour market policy in this model. The transformation was then critically assessed East German economy, consequences employment policy of the adopted high wage strategy and investment promotion, and attention was paid to labour market policy offensive in the eastern part German. The third problem plane includes issues related to the transition from active to activating labour market policy, implementation of reforms Hartz and their socio-economic consequences

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