Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/250880 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
Arbeitspapier No. 08/2021
Verlag: 
Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung, Wiesbaden
Zusammenfassung: 
How do recessions affect labour reallocation dynamics? Using data for Germany we document that gross job reallocation has been slightly countercyclical in the past and has increased slightly in previous recessions. This mild countercyclicality results from procyclical job creation rates and slightly more countercyclical job destruction rates. The recession caused by the COVID-19 pandemic has been atypical in this regard. While the reallocation of workers within sectors declined due to lower hiring and separation rates, the reallocation of workers between sectorssurprisingly increased. Finally, we document that short time work likely played a substantial role in reducing separation rates, thus dampening the reallocation process during the COVID-19 recession in Germany.
Dokumentart: 
Working Paper

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