In this work we provide a theoretical overview of a search equilibrium model with continuous productivity dispersion and perform its estimation for the Austrian data. We describe empirically the dynamics of market equilibrium outcomes. Special emphasis is made on the analysis of changes in...

Die Hartz-IV-Reform ist politisch stark umstritten. Mit ihr werden Gefährdungen des Lebensstandards bis hin zu Armut verbunden. Gleichzeitig konnte die Bundesrepublik ihre Arbeitslosenquote über die letzten Jahre so stark senken wie fast kein anderes Land in Europa bzw. der OECD. Welche Rolle...

Die Hartz-Reformen stellten zweifelsohne eine bedeutende Wende in der Entwicklung des Arbeitsmarktes dar. Obwohl die Reformen aus vier Teilen bestanden, war es hauptsächlich die Hartz-IV-Reform, die zu intensiven politischen und öffentlichen Debatten führte. Andrey Launov und Klaus Wälde...

Die Hartz-Reformen stellten zweifelsohne eine bedeutende Wende in der Entwicklung des Arbeitsmarktes dar. Obwohl die Reformen aus vier Teilen bestanden, war es hauptsächlich die Hartz-IV-Reform, die zu intensiven politischen und öffentlichen Debatten führte. Andrey Launov und Klaus Wälde...

We build and estimate a non-stationary structural job search model that incorporates the main stylized features of a typical job search monitoring scheme in unemployment insurance (UI) and acknowledges that search effort and requirements are measured imperfectly. Based on Belgian data,...

We build and estimate a non-stationary structural job search model that incorporates the main stylized features of a typical job search monitoring scheme in unemployment insurance (UI) and acknowledges that search effort and requirements are measured imperfectly. Based on Belgian data,...

By how much does an increase in operating effectiveness of a public employment agency (PEA) and a reduction of unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced effectiveness of the PEA explains about 20% of the...

In this paper we investigate the recent fall in unemployment, and the rise in part-time work, labour market participation, inequality and welfare in Germany. Unemployment fell because the Hartz IV reform induced a large fraction of the long-term unemployed to deregister as jobseekers and appear...