The impact of the current financial crisis on the German labour market PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The impact of the current financial crisis on the German labour market PDF full book. Access full book title The impact of the current financial crisis on the German labour market by Benjamin Schmitt. Download full books in PDF and EPUB format.
Author: Benjamin Schmitt
Publisher: GRIN Verlag
ISBN: 3656975450
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
Bachelor Thesis from the year 2009 in the subject Economics - Job market economics, grade: First Class, University of Hull, language: English, abstract: The years since the early 1970s are unprecedented in terms of the volatility in the prices of commodities, currencies, real estate and stocks, and the frequency and severity of financial crises (Kindleberger and Aliber). Many authors have already studied about reasons of the origin of financial crises and their impact on the economy concerned, since financial crises, in particular global ones and especially the current one affect all economic factors significantly. The economic growth slows down or even turns into a recession due to decreasing investments, affected by a significantly lower liquidity of companies and investors. All these factors also affect the GDP and the labour market of the economy concerned, in this case Germany, which economy has turned into a recession in February 2009. The subject of this paper has been chosen due to the present global relevance of the impact of a financial crisis on the labour market. The topic in particular has been chosen due to the fact that it is of worldwide relevance since the outbreak of the crisis analysed occurred on an unexpected scale, more precisely the worst of its kind since the Great Depression in the 1930s. The focus of this paper lies on the analysis of the current crisis in terms of the impact on the German labour market.
Author: Benjamin Schmitt
Publisher: GRIN Verlag
ISBN: 3656975450
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
Bachelor Thesis from the year 2009 in the subject Economics - Job market economics, grade: First Class, University of Hull, language: English, abstract: The years since the early 1970s are unprecedented in terms of the volatility in the prices of commodities, currencies, real estate and stocks, and the frequency and severity of financial crises (Kindleberger and Aliber). Many authors have already studied about reasons of the origin of financial crises and their impact on the economy concerned, since financial crises, in particular global ones and especially the current one affect all economic factors significantly. The economic growth slows down or even turns into a recession due to decreasing investments, affected by a significantly lower liquidity of companies and investors. All these factors also affect the GDP and the labour market of the economy concerned, in this case Germany, which economy has turned into a recession in February 2009. The subject of this paper has been chosen due to the present global relevance of the impact of a financial crisis on the labour market. The topic in particular has been chosen due to the fact that it is of worldwide relevance since the outbreak of the crisis analysed occurred on an unexpected scale, more precisely the worst of its kind since the Great Depression in the 1930s. The focus of this paper lies on the analysis of the current crisis in terms of the impact on the German labour market.
Author: Mircea Tanasie
Publisher:
ISBN:
Category :
Languages : en
Pages : 25
Get Book Here
Book Description
The economic crisis that hit the United States and Europe in 2007 had a considerable impact on employment. While unemployment has grown throughout OECD's countries, the only exception was Germany, where actually unemployment decreased between 2008-2009. The main reasons lay on the country's adjustment mechanism through internal numerical flexibility, as well as on its coordinated market economy system.
Author: Mr. Shekhar Aiyar
Publisher: International Monetary Fund
ISBN: 1513596179
Category : Business & Economics
Languages : en
Pages : 37
Get Book Here
Book Description
Kurzarbeit (KA), Germany’s short-time work program, is widely credited with saving jobs and supporting domestic demand during the COVID-19 recession. We quantify the impact by exploiting state-level variation in exposure to the pandemic shock and KA take-up. We construct a shift-share measure of the labor demand shock and instrument KA take-up using the pre-existing, state-specific share of workers eligible for KA. We find, first, that KA was crucial in mitigating unemployment: absent its expansion the unemployment rate would have increased by an additional 3 pp on average at the trough of the recession. Second, KA also bolstered domestic demand: the contraction in consumption could have been 2 to 3 times larger absent the program. Finally, we provide preliminary evidence on the sensitivity of the medium-run reallocation of resources to the prevalence of jobretention schemes during the Global Financial Crisis.
Author: Cindy Russmann
Publisher: GRIN Verlag
ISBN: 3346187896
Category : Business & Economics
Languages : en
Pages : 11
Get Book Here
Book Description
Seminar paper from the year 2020 in the subject Economics - Macro-economics, general, grade: 1,7, University of Applied Sciences Stuttgart, language: English, abstract: In this essay I discuss and analyze the effects of the Coronavirus Disease 2019 on the German labor market based on a literature review. Due to the currency of this topic, there is still limited scientific literature and publishes studies. Therefore, I work only with a few selected sources. A year ago, nobody would have thought that we were in such an economic and private situation. Due to the Coronavirus the public life is largely paralyzed, production lines have come to a standstill and air traffic is restricted. At the beginning of the crisis, it was still assumed that the consequences would only affect China and the trade associated with it. But it quickly became clear, however, that the crisis affects the entire global community and that there is no economic counterweight to the countries affected. Unlike previous financial crises, the Corona crisis is spreading both - on supply and demand. Production processes are affected because employees are sick and absent. Suppliers can no longer deliver due to transport restrictions. As a result of closures in the service sector, there is neither sales nor income. In addition, the entire consumption worldwide collapsed, since the closures of retail or catering businesses simply eliminate the opportunities for this. This is an exceptional situation for any country, and we must try to deal with it properly. What are the economic consequences of such a lockdown and to what extent is it acceptable? How long will these impacts be felt and how quickly can a society recover from it?
Author: Servaas Storm
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
Owing to its strong dependence on exports, Germany was among the economies hit hardest by the financial crisis. But unlike almost all other countries, Germany emerged from the crisis quickly and stronger than before. What lies behind this success story, if at all it is one? The commonplace - neoliberal - answer is that Germany's success is the hard-won reward for strict economic management, combining fiscal conservatism and structural reforms of welfare and the labour market. The latter, by reducing labour costs, fostered competitiveness, boosted growth, and increased employment. “Progressive” economists arguing that Germany beggared its Eurozone neighbours by squeezing workers' wages, share a similar view. However, this particular explanation of Germany's resilience is wrong and unhelpful. Germany's export success cannot be explained in terms of its (labour) cost competitiveness, but is caused by strong non-price competitiveness. This, in turn, is due - much more than is normally recognized - by the remaining distinctly non-neoliberal dimensions of Germany's economic model (including a Keynesian crisis response). German and European policymakers preaching austerity and structural labor-market changes as the model for other Eurozone countries, misunderstand Germany's rebound from crisis, with serious costs to Eurozone populations.
Author: Sebastiano Fadda
Publisher: Routledge
ISBN: 131761741X
Category : Business & Economics
Languages : en
Pages : 244
Get Book Here
Book Description
This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades. The first part of the book provides a theoretical analysis of the crisis. The roots of the ‘great recession’ are divided into fundamentals with origins in financial liberalisation, financial innovation and income distribution, and complementary or contributory factors such as the international imbalances, the monetary policy,and the role of credit rating agencies. Part II suggests various paths to recovery while emphasising that it will be necessary to develop alternative strategies for sustainable economic recovery and growth. These strategies will require genuine political support and a new 'great European vision' to address major issues concerning the EU such as unemployment, structural regional differences and federalism. Drawing on various schools of thought, this book explains the complexities of the crisis through a wider evolutionary-institutional and heterodox framework.
Author:
Publisher:
ISBN: 9783428834396
Category :
Languages : en
Pages : 190
Get Book Here
Book Description
Author: Horst Siebert
Publisher: Princeton University Press
ISBN: 1400851653
Category : Business & Economics
Languages : en
Pages : 416
Get Book Here
Book Description
In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable social security system. Horst Siebert spells out the reforms necessary to overcome these shortcomings. Taking a broader view than other recent books on the German economy, he considers Germany's fiscal policy stance, product market regulation, capital market, environmental policy, aging and immigration policies, and its system for human capital formation as well as Germany's role in the European Union, including the euro zone. Germany's system of economic governance emerges as a common theme as Siebert examines why this onetime economic powerhouse is today a faltering giant. He argues that what Germany needs, above all, is a market renaissance; that it must throw off the shackles of its social welfare economy and of its hallmark consensus approach, whereby group-based cooperative decision-making has undermined competition and markets. In doing so he examines both the country's social security system and its labor market, including trade unions. His focus throughout is on Germany's present concerns, foreseeable future problems, and long-term policy issues. The definitive word on the postwar German economy to the present day, The German Economy is essential reading for economists and finance professionals as well as students, researchers, and others interested in modern-day Germany and its place and prospects at the heart of Europe.
Author: Stefan Collignon
Publisher: Routledge
ISBN: 1317812328
Category : Business & Economics
Languages : en
Pages : 227
Get Book Here
Book Description
This book deals with the relationship between the competitiveness of countries in Europe and the analysis of macroeconomic imbalances. It focuses mainly on a European analysis, along with special studies of the German economy, which is rarely considered to be a cause for the current crisis. The book also compares Germany with Italy, providing a comparative perspective on structural reforms. The first part of this book analyses macroeconomic imbalances based on a new framework from the analysis of the flow of founds rather than balance of payments, and presents an alternative measure of unit labour cost comparisons to investigate the relationship between imbalances and competitiveness. The second part is dedicated to the analysis of the trade performance of Germany and Italy and the sustainability of the German model in the EMU. The third part describes the reform policies implemented by Germany and their effect on imbalances; this includes wage moderation, the labour market reforms and weak labour demand. The final part explores the regional inequalities within Germany and Italy, providing useful lessons regarding fiscal federalism and regional banking developments. In conclusion, a big part of the problems within the Euro Area are generated by the use of a wrong framework of analysis, where the EMU is considered as a fixed exchange rate regime and not a single country. This book provides an alternative view which holds at the core the relationship between sectors. It is stressed throughout the book that the German behaviour has contributed to the rise of imbalances between countries due to its growth model, not suitable for a big developed country in a currency union. This book also finds that stressing banking integration within countries helps to reduce regional inequalities, which has important implications for the management of Europe’s future banking union and macroeconomic imbalances.
Author: Philippe Askenazy
Publisher: Oxford University Press
ISBN: 0198786166
Category : Business & Economics
Languages : en
Pages : 338
Get Book Here
Book Description
A volume on labour productivity in Europe in the aftermath of the 2008 financial crisis. It provides rationales for recent productivity trends in France, the UK, Germany, and Spain, and analyses policy responses to the crisis and how these have affected post-recession outcomes.
