Arab Today, arab today moonlighting decline in germany employment stable
Last Updated : GMT 04:32:24
Arab Today, arab today
Arab Today, arab today

Shadow economy in retreat, claim experts

Moonlighting decline in Germany, employment stable

Arab Today, arab today

Arab Today, arab today Moonlighting decline in Germany, employment stable

German think tanks say there is no motivation to engage in illegal work
Berlin - Arabstoday

German think tanks say there is no motivation to engage in illegal work Economic think tanks have revealed that Germany is currently seeing the lowest level of moonlighting in two decades. Researchers say the reasons for the declining hidden economy are low unemployment and other factors. Low unemployment and a drop in statutory pension premiums resulted in shrinking shadow economy in Germany, two economic research centres reported on Wednesday.
Scientists from Linz University and the Tübingen-based Institute for Applied Economic Research (IAW) claimed moonlighting levels in the country had reached its lowest level in about 20 years.
"Right now, people have a good chance to get jobs in the regular economy, meaning their motivation to engage in illegal work is limited, and so is the time they'd have for doing that on top of regular employment," IAW Managing Director Bernhard Boockmann said in a statement.
Nonetheless, the pundits estimated that every seventh euro earned remained hidden from the Treasury. The think tanks which compiled the study expected untaxed earnings of €340 billion ($461 billion) to be generated in the hidden economy in Germany in the course of this year.
That would account for 13.2 percent of gross domestic product (GDP). Back in 2003, the rate reached an all-time high at 17.1 percent of GDP.
The current figures for Germany put the country in midfield in a ranking looking at all OECD member states. Greece provides the worst example, with 24.6 percent of GDP expected to be hidden from state coffers. But even there, experts say the shadow economy looks set to shrink in the months ahead, if compared with the levels recorded in the past few years.
"Because of the protracted economic crisis in the country, private households will have less and less at their disposal to spend, meaning demand for moonlighting will decrease too," Boockmann argued.

Source: Deutsche Welle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moonlighting decline in germany employment stable Arab Today, arab today moonlighting decline in germany employment stable

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt

GMT 09:26 2017 Friday ,17 February

Samsung's history tainted by run-ins with the law

GMT 09:20 2017 Friday ,17 February

Samsung heir arrested in corruption probe

GMT 10:26 2017 Thursday ,16 February

Dollar, equities stutter in Asia after Trump rally

GMT 08:45 2017 Thursday ,16 February

Hanjin saga reveals S.Korea corporate governance flaws

GMT 09:40 2017 Wednesday ,15 February

Heineken profits drained in 2016 by currency turmoil

GMT 09:10 2017 Tuesday ,14 February

Sharjah Chamber Eyes Strong Economic Ties with Belgium
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday