The minimum wage in January increases the shadow economy in Germany according to a study this year by 1.5 billion euros – and thus prevents the first time For years a further decline of illegal work and employment.
Your share of the gross domestic product (GDP) therefore remains unchanged at 12.2 percent, as shown in a recent study of the Tübingen Institute for Applied Economic Research (IAW) and the University of Linz apparent. Thus, the value in this country – with the exception of the crisis year 2009 -. So far been in decline for years
“The current trend is also due to the minimum wage,” said IAW -Director Bernhard Boockmann. In itself, the robust economy and the situation on the labor market according to the forecast would have caused a reduction in the underground economy. The term both undeclared work and illegal employment and criminal activities such as receiving stolen goods and fraud are referred to.
According to estimates of experts should actually only a relatively small part the minimum wage be bypassed by moonlighting. For the necessary wage increases in their typical industries are, according to the experts total at about seven billion euros. The expected increase of the shadow economy of 1.5 billion euros by the minimum wage is much lower.
Black Work is therefore particularly common in restaurants, hotels and parts of the construction industry. Also, personal services and agriculture will relatively frequently earned in Germany at the Treasury over, it said.
Looking at other countries, the Federal Republic is not but bad because: Compared to other OECD countries, who are committed to democracy and a market economy, Germany, with its economy in the middle – like France and Scandinavian countries. Gloomy it looks in the crisis countries Greece, Italy, Portugal and Spain. Here, the share of the shadow economy is on its GDP from 18 to 22 percent.
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