generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform … decline in the replacement rate for long-term unemployed. We find that Hartz IV was a major driver for the decline of Germany …’s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …

restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … Employment Agency did not contribute to the decline in unemployment in Germany. By contrast, improved activation of unemployed …

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor … 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates … causally link our empirical findings to the reduction in long-term unemployment benefits using a heterogeneous-agent labor …

declined over longer time spans in Eastern Germany since 1880 - except for the most recent period 1997-2006. In the Eastern … information on parents' schooling and employment status. Unemployment might have negative psychological effects, with impact on … unemployment was in fact the major driving force …

In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …, causing both unemployment and excessive value added in exports. Moreover, excessive wages induce too much outsourcing of …

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …

increase in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …