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of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who … macroeconomic effects of the German labor market reforms of 2005 and 2006 (Hartz Reforms). We find that the 2005-reform had large … 2006-reform are qualitatively similar, but quantitatively much smaller. We also show that the social welfare maximizing …
Persistent link: https://www.econbiz.de/10008651589
of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who … macroeconomic effects of the German labor market reforms of 2005 and 2006 (Hartz Reforms). We find that the 2005-reform had large … 2006-reform are qualitatively similar, but quantitatively much smaller. We also show that the social welfare maximizing …
Persistent link: https://www.econbiz.de/10008646450
of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who … macroeconomic effects of the German labor market reforms of 2005 and 2006 (Hartz Reforms). We find that the 2005 reform had large … 2006-reform are qualitatively similar, but quantitatively much smaller. We also show that the social welfare maximizing …
Persistent link: https://www.econbiz.de/10014192132
This paper studies the role of labor market institutions in business cycle fluctuations. We develop a DSGE model with search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on experience rating finance the cost of unemployment...
Persistent link: https://www.econbiz.de/10010472501
In many OECD countries, e.g. in Germany, France, or the UK, unemploy-ment compensation consists of unemployment insurance and unemployment assistance. Unemployment assistance is provided subsequent to the expiration of entitlement to unemployment insurance and is lower. The effects of this...
Persistent link: https://www.econbiz.de/10013321097
This paper measures the effect of the ongoing extensions of unemployment insurance (UI) benefits on the unemployment rate using a calibrated structural model that features job search and consumption-saving decisions, skill depreciation, UI eligibility, and UI benefit extensions that capture what...
Persistent link: https://www.econbiz.de/10013130315
This paper measures the effect of the ongoing extensions of unemployment insurance (UI) benefits on the unemployment rate using a calibrated structural model that features job search and consumption-saving decisions, skill depreciation, UI eligibility, and UI benefit extensions that capture what...
Persistent link: https://www.econbiz.de/10013130353
noncompliance in a dynamic context. In an empirical application, we evaluate the French labor market policy reform PARE which … additional active labor market policy measures. The estimated effect of the reform on the survival function of the duration of …
Persistent link: https://www.econbiz.de/10011453442
noncompliance in a dynamic context. In an empirical application, we evaluate the French labor market policy reform PARE which … additional active labor market policy measures. The estimated effect of the reform on the survival function of the duration of …
Persistent link: https://www.econbiz.de/10011492188
In most OECD countries, unemployment benefits are tied to individual previous labor earnings. We study the progressivity of this indexation with regard to its effects on employment, output, and welfare in a calibrated general equilibrium model with search unemployment. Employment varies...
Persistent link: https://www.econbiz.de/10011410421