This paper studies the conditional patterns of unemployment dynamics in Germany. We employ a structural VAR model and identify a technology shock and two policy shocks by using standard restrictions. Interestingly, the worker reallocation process varies substantially with the identified shocks....

This paper evaluates the short-term labour market impact of the COVID-19 containment measures in Germany. It examines two dimensions of the first lockdown in Germany, namely the length and the strength of the lockdown. While the assessment of the length is conducted via variation across regions...

According to demographic projections, advanced economies will face population decline in the years and decades to come, particularly among working-age. Despite this impending profound transition, there is little empirical evidence of corresponding labour market implications. Tackling this...

Between 1979 and 2009, the German labour market moved along a Beveridge curve with changing slope that used to shift outwards but shifted inwards after severe labour market reforms had come into force. We analyse these dynamics and focus on the macroeconomic outcome of the reforms. For that...

This study investigates causal impacts of immigration on the German economy, explicitly distinguishing refugee and non-refugee migration. We propose a macroeconometric modelling approach complemented by IV techniques. We find that non-refugee migration has more beneficial medium-run effects on...