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Germany and the United States in coronavirus distress: internal versus external labour market flexibility.
Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; Stein, Ulrike.
  • Herzog-Stein A; Macroeconomic Policy Institute (IMK), Georg-Glock-Str. 18, 40474 Düsseldorf, Germany.
  • Nüß P; University of Koblenz-Landau, 76829 Landau, Germany.
  • Peede L; Kiel University, Wilhelm-Seelig-Platz 1, 24118 Kiel, Germany.
  • Stein U; University of Muenster, Schlossplatz 2, 48149 Münster, Germany.
J Labour Mark Res ; 56(1): 11, 2022.
Article in English | MEDLINE | ID: covidwho-1986757
ABSTRACT
Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures, especially short-time work (STW). The United States relied on a mix of external flexibility and income protection. On this basis, we use macroeconomic time series to examine the German strategy of securing employment through internal flexibility by contrasting it with the chosen strategy in the United States. In Germany, temporary cyclical reductions in working hours are mainly driven via STW. US unemployment rose at an unprecedented rate, but unlike in previous recessions, it was mostly driven by temporary layoffs. However, a closer look at the blind spots of the chosen strategies in both countries showed that despite the different approaches, people in weaker labour market positions were less well protected by the chosen strategies.
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Full text: Available Collection: International databases Database: MEDLINE Type of study: Experimental Studies Language: English Journal: J Labour Mark Res Year: 2022 Document Type: Article Affiliation country: S12651-022-00316-5

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Full text: Available Collection: International databases Database: MEDLINE Type of study: Experimental Studies Language: English Journal: J Labour Mark Res Year: 2022 Document Type: Article Affiliation country: S12651-022-00316-5