reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the … the existing disagreement in the macroeconomic literature on the unemployment effects of Hartz IV. We find that Hartz IV … was a major driver for the decline of Germany's unemployment and that partial and equilibrium effect where of equal …

The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits. It would not be inflationary since the long-term unemployed, on whom the vouchers are targeted, have little … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment …