Despite the “German Job Miracle,” conditional difference-in-differences estimations to control for observed and unobserved heterogeneity reveal substantial employment reductions in establishments affected by the economic crisis. Falls in employment are strongest in plants with a relatively low proportion of qualified workers. Furthermore, our results indicate that the economic crisis is associated with a decline in wages, but only in those establishments that do not operate working time accounts. In sum, we do not find evidence for the current crisis having a reversed effect on the relative earnings position. Obviously once again, the higher qualified are better off than the lower qualified.
Bellmann, L. and Gerner, H.-D. (2011), "Reversed Roles? Wage and Employment Effects of the Current Crisis", Immervoll, H., Peichl, A. and Tatsiramos, K. (Ed.) Who Loses in the Downturn? Economic Crisis, Employment and Income Distribution (Research in Labor Economics, Vol. 32), Emerald Group Publishing Limited, Bingley, pp. 181-206. https://doi.org/10.1108/S0147-9121(2011)0000032009Download as .RIS
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