Abstract
ABSTRACT: After unification, East German GNP dropped severely, total employment fell to about two thirds of the former level. Long‐term labour market prospects remain poor. From the very beginning up to now, labour market policy (short‐time work, early retirement schemes, work creation measures, further training and retraining) absorbed much of the surplus labour supply. Regulations were changed to allow for‘“mega‐measures” (contrasting the traditional individual approach). A new co‐financing model links work‐creation measures more closely to regional structural policy. A labour market infrastructure was built up in a short time, including new elements such as‘“employment promotion companies” and‘“reconstruction agents“.
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