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Hartz IV and the Decline of German Unemployment: a Macroeconomic Evaluation
[Arbeitspapier]
Körperschaftlicher Herausgeber
Institut für Höhere Studien (IHS), Wien
Abstract 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... mehr
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.... weniger
Thesaurusschlagwörter
Arbeitslosengeld; Reform; Hartz-Reform; Arbeitslosigkeit; Gesamtwirtschaft; Bundesrepublik Deutschland; Arbeitslosenunterstützung
Klassifikation
Arbeitsmarktforschung
soziale Probleme
Freie Schlagwörter
search and matching
Sprache Dokument
Englisch
Publikationsjahr
2021
Erscheinungsort
Wien
Seitenangabe
49 S.
Schriftenreihe
IHS Working Paper, 31
Status
Veröffentlichungsversion; begutachtet