German Labor Market

Context:
- It can be affected by German Labor Market Regulations.
- …
Counter-Example(s):
- a U.S. Labor Market, Canadian Labor Market, Japan Labor Market, Chinese Labor Market, India Labor Market, ...;
See: German Labor Participation Rate, German Unemployment Rate.

References

(Klinger & Rothe, 2012) ⇒ Sabine Klinger, and Thomas Rothe. (2012). “The Impact of Labour Market Reforms and Economic Performance on the Matching of the Short-term and the Long-term Unemployed.” In: Scottish Journal of Political Economy, 59(1). doi:10.1111/j.1467-9485.2011.00570.x
- QUOTE: As a reaction to high and persistent unemployment in Germany, the largest labour market reforms in post-war history were implemented between 2003 and 2005. In 1997, unemployment amounted to its highest value after reunification at 11.4 percent according to national statistics (coming from 7.7 percent in 1992).
  Between January 1998 and June 2009, about 1.45 million people were long-term unemployed on average in each month. This counts for nearly one third of the average monthly stock of 3.96 million unemployed. At its peak in 2004, long-term unemployment had risen up to 1.8 million (Figure 1).