Employment Agency did not contribute to the decline in unemployment in Germany. By contrast, improved activation of unemployed … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is …

generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform … 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 …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to … counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …

sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in …