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  From “Sick Man” to “Miracle”: Explaining the Robustness of the German Labor Market During and After the Financial Crisis 2008-09

Reisenbichler, A., & Morgan, K. J. (2012). From “Sick Man” to “Miracle”: Explaining the Robustness of the German Labor Market During and After the Financial Crisis 2008-09. Politics & Society, 40(4), 549-579. doi:10.1177/0032329212461616.

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http://pas.sagepub.com/content/40/4/549.abstract (Zusammenfassung)
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 Urheber:
Reisenbichler, Alexander1, 2, Autor           
Morgan, Kimberly J.1, Autor
Affiliations:
1The George Washington University, Washington, DC, USA, ou_persistent22              
2Projekte von Gastwissenschaftlern und Postdoc-Stipendiaten, MPI for the Study of Societies, Max Planck Society, ou_1214554              

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Schlagwörter: financial crisis; labor market; unemployment; institutional change; varieties of capitalism
 Zusammenfassung: What explains Germany’s exceptional labor market performance during the Great Recession of 2008-09? Contrary to accounts that emphasize employment protection legislation or government policy (i.e., short-time work), this article argues that actions by firms—embedded in ever-changing coordinative institutional structures—were crucial. Firms chose to keep rather than shed labor, a strategy induced by (i) a “toolkit” of flexible labor market instruments that had evolved incrementally over the past thirty years; (ii) wage restraint and successful internal restructuring of firms during the past decade, which fueled an export boom before the crisis. Firms thus had some margin for maneuver, using internal flexibility to protect their investment in skilled workers. These and other institutional changes driven by firms reflect a process of successful adaptation to external economic challenges, but did not fundamentally undermine Germany’s coordinated form of capitalism. The result is not a new German model that was purposefully designed; instead German firms slowly discovered new ways to cope with economic challenges.

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Sprache(n): eng - English
 Datum: 2012
 Publikationsstatus: Erschienen
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 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: -
 Art der Begutachtung: Expertenbegutachtung
 Identifikatoren: DOI: 10.1177/0032329212461616
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Titel: Politics & Society
Genre der Quelle: Zeitschrift
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Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: 40 (4) Artikelnummer: - Start- / Endseite: 549 - 579 Identifikator: ISSN: 0032-3292
ISSN: 1552-7514