1. Einleitung
"Germany‘s jobs miracle hasn‘t received much attention in this country but it‘s real, it‘s striking (…) Germany came into the Great Recession with strong employment protection legislation. This has been supplemented with a "short-time work scheme", which provides subsidies to employers who reduce workers‘ hours rather than laying them off. These measures didn‘t prevent a nasty recession, but Germany got through the recession with remarkably few job losses."
