Foreword -- Table of Contents -- List of abbreviations -- Executive summary and policy recommendations -- Chapter 1: Economic and labour market performance -- Introduction -- A. Macroeconomic developments -- B. Labour market impacts of the crisis -- C. Concluding remarks -- References -- Chapter 2: Germany's policy response to the crisis -- Introduction -- A. Stabilizing financial markets, maintaining liquidity and access to credit -- B. Discretionary spending / fiscal stimulus -- C. Policy lessons and considerations -- References -- Chapter 3: Supporting employment through social dialogue -- Introduction -- A. Promoting employment at the enterprise level: Working-time flexibility -- B. Short-time work as a subsidized reduction in working time -- C. Policy lessons and considerations -- References -- Chapter 4: Social protection: The role of automatic stabilizers -- Introduction -- A. Social protection in Germany -- B. Responding to the crisis -- C. Policy lessons and considerations -- References -- Chapter 5: Post-crisis policy challenges -- Introduction -- A. Job-rich and inclusive growth -- B. Reversing the decline in labour supply -- C. Narrowing the gap between wage and productivity growth -- D. Improved access to credit to support investment -- References -- List of figures -- Figure 1.1 GDP growth, quarterly real GDP rate, 2007-2010 (percentage change from one year earlier) -- Figure 1.2 Real GDP growth by main components, Q1 2008-Q3 2010 (percentage change from one year earlier) -- Figure 1.3 GDP and employment in selected countries, change in 2009 compared to 2008 (percentages) -- Figure 1.4 Unemployment rates by sex and age, Q2 2008-Q3 2010 (seasonally adjusted) -- Figure 1.5 Changes in employment by sector, 2008-2009 (percentages).

Figure 1.6 Changes in employment by type, from same quarter in previous year, Q2 2008-Q3 2010 (percentage change from one year earlier) -- Figure 1.7 Agency work in Germany, 1992-2009 -- Figure 1.8 Recruitments and terminations, Q1 2007-Q2 2009 (thousands per quarter) -- Table 2.1 Crisis response measures to stabilize the financial system, various countries (up to February 2009) -- Figure 2.1 Comparison between financial and fiscal rescue efforts, selected countries (percentage of GDP) -- Figure 2.2 Monetary response: Reductions in key policy rates, November 2007-July 2009 (percentages) -- Figure 2.3 Germany's fiscal stimulus compared to other G20 economies (percentage of GDP) -- Figure 3.1 Changes in average yearly working time per employee, 2009 (annual average in hours) -- Figure 3.2 Share of employed persons in enterprises with company-level pactsfor employment on all employees, by size of enterprise, 2006, 2008 and 2009 (percentages) -- Figure 3.3 Collective bargaining and its impact on output and employment -- Figure 3.4 Working time flexibility and GDP, Q1 2008-Q1 2010 (percentage change from previous quarter) -- Figure 3.5 Short-time workers, 2007-2010 (number of workers participating) -- Figure 3.6 Short-time worker by size of enterprise, April 2009 (percentages) -- Figure 3.7 Short-time work and training, January 2009-February 2010 (percentage share) -- Figure 4.1 Social spending in Germany, 1992-2009 -- Figure 4.2 Breakdown of Germany's social benefits, 2007 -- Figure 4.3 Composition of Germany's social spending, 2008 -- Figure 4.4 Changes in total social budget in Germany compared to previous year, 2006-09 (percentages) -- Figure 4.5 Change compared to previous year in spending on components of social insurance, 2009 (percentages) -- Figure 4.6 Number of recipients of Unemployment Benefit I and II in Germany, 2008-2010.

Figure 4.7 Spending on other employment benefits in 2009 (change from 2008) -- Figure 4.8 Child and Family benefits spending, 2006-2009 (percentages) -- Figure 5.1 Change in the incidence of long-term unemployment in total unemployment between Q2 2009 and Q2 2010, by age group and sex (percentage points) -- Figure 5.2 Differences in productivity between west and east Germany, 1999-2004 (value added per full-time employee, thousands) -- Figure 5.3 Evolution of the working-age population in Germany, 1999-2009 -- and dependency ratios in selected G-20 countries, 2010 and 2020 projections -- Figure 5.4 Labour force outlook, 2005-2020* -- Figure 5.5 Annual average real wage growth, selected countries, 2000-03, 2003-06 and 2006-09 (percentages) -- Figure 5.6 Real household disposable income, growth rates Q1 2005-Q4 2010 (year-on-year percentage changes) -- Figure 5.7 Labour productivity and real hourly wages, 1996-2009 -- Figure 5.8 Pre-crisis trends in real investment among advanced economies, 1980 and 2006 (percentage of GDP) -- Figure 5.9 Lending rates in Germany compared to other European economies, 1998-2008 (percentages) -- List of Tables -- Table 1.1 Average working hours per salaried worker, various sectors, 2007-2009 -- Table 2.1 Crisis response measures to stabilize the financial system, various countries (up to February 2009) -- Table 2.2 Requirements for the use of cyclical short-time work, and recent changes -- Table 3.1 Cyclical component of labour productivity per person by industry in Germany, Q1 2008-Q2 2010 -- Table 3.2 Establishments with short-time work in the first six months of 2009, by subgroup -- List of boxes -- Box 1.1 Development of agency work in Germany -- Box 3.1 Enterprise-level agreements in support of employment and output -- Box 5.1 P olicy measures to support investment and business growth.