Rinne, Ulf; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2013
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 …-time work, time accounts and labor hoarding), social cohesion and controlled unit labor costs, combined with a rigid, incentive …