Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/232038 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
IHS Working Paper No. 31
Verlag: 
Institut für Höhere Studien - Institute for Advanced Studies (IHS), Vienna
Zusammenfassung: 
This paper proposes a new approach to evaluate the macroeconomic effects of the "Hartz IV" reform, which reduced the generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium effect. We estimate the relative importance of these two effects and the size of the partial effect based on the IAB Job Vacancy Survey. Our approach does not hinge on an external source for the decline in the replacement rate for long-term unemployed. We find that Hartz IV was a major driver for the decline of Germany's steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide direct empirical evidence on labor selection, one potential dimension of recruiting intensity
Schlagwörter: 
Unemployment benefits reform
search and matching
Hartz reforms
JEL: 
E24
E00
E60
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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