The German labor market during the Great Recession: Shocks and institutions

Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian

doi:10.1016/j.econmod.2018.09.022

Cited by 18 publications

(8 citation statements)

References 40 publications

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“…Gehrke et al (2019) provide a detailed analysis of the German labor market in the Great Recession, and they find that a substantial share of the German labor-market experience in the Great Recession was explained by factors next to STW, particularly beneficial labor-market shocks connected to previous labor-market reforms.C 2019 The Authors. The Scandinavian Journal of Economics published by John Wiley & Sons Ltd on behalf of Föreningen för utgivande av the SJE/The editors of The Scandinavian Journal of Economics.…”

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confidence: 99%

Counteracting Unemployment in Crises: Non‐Linear Effects of Short‐Time Work Policy*

Gehrke

Hochmuth

2020

Scandinavian J Economics

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Short‐time work (STW) is a labor‐market policy that subsidizes working‐time reductions among firms in financial difficulty to prevent lay‐offs. Many OECD countries have used this policy in the Great Recession. In this paper, we show that the effects of STW are strongly time‐dependent and non‐linear over the business cycle. Discretionary STW policy might save up to 0.87 jobs per short‐time worker in deep economic crises. In expansions, the effects are smaller and might turn negative. We disentangle discretionary STW from automatic stabilization in German data using smooth‐transition vector autoregressions.

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confidence: 99%

Counteracting Unemployment in Crises: Non‐Linear Effects of Short‐Time Work Policy*

Gehrke

Hochmuth

2020

Scandinavian J Economics

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“…The labor market with STW follows Balleer et al (2016) and Gehrke et al (2019). There is a continuum of measure 1 of workers.…”

Section: Employment Dynamics Matching Technology and Vacancy Postingmentioning

confidence: 99%

Short-Time Work and Precautionary Savings

Dengler

Gehrke²

2022

SSRN Journal

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“…The labor market with STW follows Balleer et al (2016) and Gehrke et al (2019). There is a continuum of measure 1 of workers.…”

Section: Employment Dynamics Matching Technology and Vacancy Postingmentioning

confidence: 99%

Short-Time Work and Precautionary Savings

Dengler¹,

Gehrke

2021

SSRN Journal

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Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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The German labor market during the Great Recession: Shocks and institutions

Cited by 18 publications

References 40 publications

Counteracting Unemployment in Crises: Non‐Linear Effects of Short‐Time Work Policy*

Counteracting Unemployment in Crises: Non‐Linear Effects of Short‐Time Work Policy*

Short-Time Work and Precautionary Savings

Short-Time Work and Precautionary Savings

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