Title of article
TransitionsintheGermanlabormarket:Structureandcrisis$
Author/Authors
Michael U. Krause، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
16
From page
64
To page
79
Abstract
Sincetheso-calledHartzIVreformsaround2005andduringtheglobalcrisisof2008/
2009, theGermanlabormarketfeaturedmainlydecliningunemploymentrates.We
developasearchandmatchingmodelwithheterogeneousskillstoexploretheroleof
structuralandcyclicalpoliciesforthisperformance.Calibratingunemploymentbenefits
to approximatelegislationbeforeandafterthereforms,wefindalargereductionin
unemploymentanditsduration,withthetransitionconcludingafteraboutthreeyears.
Duringthecrisis,theextendeduseofshort-timelaborsubsidiesthatpreventjobsfrom
beingdestroyedislikelytohavepreventedstrongincreasesinunemployment
Keywords
German HartzIVreformsSearch andmatchingUnemployment benefitsLabor subsidies
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846508
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