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Is Germany the North Star of Labor Market Policy?
- Source :
-
IMF Economic Review . Dec2013, Vol. 61 Issue 4, p702-729. 28p. - Publication Year :
- 2013
-
Abstract
- Germany's recovery from an unemployment disease and its resilience to the Great Recession is remarkable. Its success story makes it a showcase for labor policy and labor market reforms. This paper assesses the potential of the German experience as a model for effective, evidence-based policymaking. Flexible management of working time (through overtime and short-time work, time accounts, and labor hoarding), social cohesion and controlled unit labor costs, combined with a rigid, incentive-oriented labor policy supported by effective program evaluation, define the characteristics of a strong reference model. Austerity, sometimes seen as core to the German model, is not viewed as a key element. [ABSTRACT FROM AUTHOR]
- Subjects :
- *LABOR market
*EMPLOYEES
*WORKING hours
*PUBLIC welfare
*WORKING-time accounts
Subjects
Details
- Language :
- English
- ISSN :
- 20414161
- Volume :
- 61
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- IMF Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 92887202
- Full Text :
- https://doi.org/10.1057/imfer.2013.21