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Finanzwissenschaftliche Diskussionsbeiträge, Universität Potsdam >
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http://hdl.handle.net/10419/39665
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| Title: | | Unemployment in Germany and the eurosclerosis debate: Can the Hartz Reforms induce higher employment?  |
| 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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