The Tale of Two Labour Markets: The Resilience of the Indonesian Labour Market to the Global Financial Crisis versus Increasing Casualization of Jobs

2015 ◽  
pp. 148-184
Author(s):  
Sadrine Cazes ◽  
Sher Verick
Keyword(s):  
Financial Crisis ◽  
Labour Market ◽  
Global Financial Crisis ◽  
Labour Markets ◽  
The Global Financial Crisis

Labour Markets in the Global Financial Crisis: The Good, the Bad and the Ugly

2014 ◽  
Vol 228 ◽  
pp. R58-R64 ◽  
Author(s):  
Mary C. Daly ◽  
John G. Fernald ◽  
Òscar Jordà ◽  
Fernanda Nechio
Keyword(s):  
Financial Crisis ◽  
Labour Market ◽  
Global Financial Crisis ◽  
Technological Changes ◽  
Okun’S Law ◽  
Short Term ◽  
Demand Shock ◽  
Okun's Law ◽  
Global Demand ◽  
The Global Financial Crisis

This note examines labour market performance across countries through the lens of Okun's Law. We find that after the 1970s but prior to the global financial crisis of the 2000s, the Okun's Law relationship between output and unemployment became more homogenous across countries. These changes presumably reflected institutional and technological changes. But, at least in the short term, the global financial crisis undid much of this convergence, in part because the affected countries adopted different labour market policies in response to the global demand shock.

scholarly journals Securing Jobs in Times of Recession. The German Experience during the Financial Crisis 2008/2009

2020 ◽  
Vol 30 (1) ◽  
pp. 59
Author(s):  
Martin Dietz ◽  
Michael Stops ◽  
Ulrich Walwei
Keyword(s):  
World War Ii ◽  
Financial Crisis ◽  
Labour Market ◽  
Global Financial Crisis ◽  
Sharp Decrease ◽  
Working Time ◽  
Public Subsidies ◽  
Time Work ◽  
The Global Financial Crisis ◽  
Short Time

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 subsidies in the form of short-time work.

Sign in / Sign up

Export Citation Format

Share Document