The Real Reason the German Labor Market Is Booming.
- Resource Type
- Article
- Authors
- Spitz-Oener, Alexandra
- Source
- Harvard Business Review Digital Articles; 3/13/2017, p2-5, 4p
- Subject
- LABOR market
ECONOMIC competition
LABOR laws
COMMERCE
- Language
The article discusses how Germany transformed its inflexible labor market into a booming one. Topics covered include the highlights of a research paper published in the "Journal of Economic Perspectives" to show the competitive position of Germany relative to its trading partners, the noted impact of implementing the controversial Hartz labor reforms under the leadership of former Chancellor of Germany Gerhard Schröder, and the key factors that strengthened Germany's labor market.