Export is not the only driver of growth that helped German economy to revive fast after the Great Recession 2008-09. As important was the package of reforms Agenda 2010 aimed at liberalization of labour market. It made employment relations more flexible inter alia by deregulation of non-standard employment. Atypical forms of employment facilitate labour market entry for recruits and long-term unemployed, they increase the scope of flexibility for both employees and business and help employers to satisfy the fluctuating labour demand. The spread of atypical employment relationship strongly contributed to German employment boom, so called “Jobwunder”, and currently Germany shows a record level of employment and quite low unemployment rate. At the same time atypical employment may cause an increase in various social risks, low-wage jobs explosion and precarisation. Still, it would be misleading to identify precarious work and non-standard employment because of the heterogeneity of the latter.
This paper gives an overview of specific features of the atypical employment in Germany, deals with its development dynamics and evaluates negative and positive effects on labour market.
Business Studies practice listening tasks which are based on authentic sources, specially designed for the English state exam of the 4th year Public Administration students.
In this paper the public-private wage gap is estimated by means both of the OLS and the quantile regression, which will provide a more complex picture of the distribution of the public-private sector wage gap. The author finds the existence of significant public-private wage gap (about 30%) considering both observable and unobservable characteristics of workers and jobs. Using the decomposition based on quantile regression helps to answer the question about the nature of the wage differences. The author comes to the conclusion that the main reason for the gap is the institutional mechanisms of public sector wages in Russia. The analysis is based on the data from Russian Longitudinal Monitoring Survey (RLMS-HSE) 2000-2010.
Youth unemployment is at present a crucial issue in the EU policy agenda, as well as in the agenda of other developed and developing countries. The economic crisis, which began in mid-2008, has had severe effects on EU and Eastern Europe labour markets and especially on young people. The key aim of this introductive chapter is to review and present the contributions included in the book, that is the upshot of the EU IRSES project “The political economy of youth unemployment”. It also summarizes the most relevant articles already published by the authors involved in the EU project.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.