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Short-time work subsidies in a matching model

Meier, Volker - 2018

demand and reduced working hours so as to stabilize workers' income. In a matching framework such an arrangement increases …

Persistent link: https://www.econbiz.de/10011924471

Search and reallocation in the Covid-19 pandemic: evidence from the UK

Carrillo-Tudela, Carlos; Comunello, Camila; Clymo, Alex; … - 2022

industrial sectors. Using novel data on job search, we document how individuals adjust their job search behaviour in response to … changing employment patterns across occupations and industries in the UK. We observe that workers changed their search …

Persistent link: https://www.econbiz.de/10013041333

Public employment agency reform, matching efficiency, and German unemployment

Merkl, Christian; Sauerbier, Timo - 2023

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … declined after the Hartz reforms. We propose a macroeconomic model of the labor market with a private and a public search …

Persistent link: https://www.econbiz.de/10014247120

Hartz IV and the decline of German unemployment : a macroeconomic evaluation

Hochmuth, Brigitte; Kohlbrecher, Britta; Merkl, Christian; … - 2021

This paper proposes a new approach to evaluate the macroeconomic effects of the “Hartz IV” reform, which reduced the generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...

Persistent link: https://www.econbiz.de/10012485370

The quantification of structural reforms : extending the framework to emerging market economies

Égert, Balázs - 2018

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...

Persistent link: https://www.econbiz.de/10011800715

Unemployment in the euro area and unconventional monetary policy surprises

Hülsewig, Oliver; Rottmann, Horst - 2022

We examine the impact of the European Central Bank's monetary policy on the euro area labor markets over the period 2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to expansionary monetary policy surprises that can be related to...

Persistent link: https://www.econbiz.de/10013453816

The effects of monetary policy on unemployment dynamics under model uncertainty : evidence from the US and the Euro area

Altavilla, Carlo; Ciccarelli, Matteo - 2009

This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...

Persistent link: https://www.econbiz.de/10003813633

Covid-induced school closures in the US and Germany : long-term distributional effects

Fuchs-Schündeln, Nicola - 2022

Almost all countries worldwide closed schools at the outbreak of the Covid-19 crisis. I document that schooling time dropped on average by -55% in the US and -45% in Germany from the onset of the crisis to the summer of 2021. In the US, schools were closed longer in richer than in poorer areas,...

Persistent link: https://www.econbiz.de/10013177101

Immigration, search, and redistribution : a quantitative assessment of native welfare

Battisti, Michele; Felbermayr, Gabriel; Peri, Giovanni; … - 2014

We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search … studied, immigration attenuates the effects of search frictions. These gains tend to outweigh the welfare costs of … in two thirds of countries, contrary to what models without search frictions predict. Average total gains from …

Persistent link: https://www.econbiz.de/10010418118

Systematic monetary policy and the macroeconomic effects of shifts in loan-to-value ratios

Bachmann, Ruediger; Rüth, Sebastian - 2017

What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as measured by loan-to-value (LTV) ratios? In a structural VAR, GDP and business investment increase following an expansionary LTV shock. Residential investment, by contrast, falls, a...

Persistent link: https://www.econbiz.de/10011646925

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