@TechReport{iza:izadps:dp7260,
            	author={Rinne, Ulf and Zimmermann, Klaus F.},
            	title={Is Germany the North Star of Labor Market Policy?},
            	year={2013},
	month={Mar},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7260},
            	url={https://www.iza.org/publications/dp7260},
	abstract={Germany's recovery from an unemployment disease and its resilience to the Great Recession is remarkable. Its success story makes it a showcase for labor policy and labor market reforms. This paper assesses the potential of the German experience as a model for effective, evidence-based policymaking. Flexible management of working time (through overtime and short-time work, time accounts and labor hoarding), social cohesion and controlled unit labor costs, combined with a rigid, incentive-oriented labor policy supported by effective program evaluation, define the characteristics of a strong reference model. Austerity, sometimes seen as core to the German model, is not viewed as a key element.},
	keywords={unemployment;Great Recession;austerity;Germany;labor policy;labor market reforms},
            }