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Title:Unemployment in Germany and the eurosclerosis debate: Can the Hartz Reforms induce higher employment? PDF Logo
Authors:Drechsler, Denis
Issue Date:2005
Series/Report no.:Finanzwissenschaftliche Diskussionsbeiträge 48
Abstract:Many European countries have experienced a significant increase of unemployment in recent years. This paper reviews several theoretical models that try to explain this phenomenon. Predominantly, these models claim a link between the poor performance of European labor markets and the high level of market regulation. Commonly referred to as the Eurosclerosis debate, prominent approaches consider insider-outsider relationships, search-models, and the influence of hiring and firing costs on equilibrium employment. The paper presents empirical evidence of each model and studies the relevance of the identified rigidities as a determinant of high unemployment in Europe. Furthermore, a case study analyzes the unemployment problem in Germany and critically discusses new reform efforts. In particular this section analyzes whether the recently enacted Hartz reforms can induce higher employment.
Persistent Identifier of the first edition:urn:nbn:de:kobv:517-opus-9036
Document Type:Working Paper
Appears in Collections:Finanzwissenschaftliche Diskussionsbeiträge, Universität Potsdam

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