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

for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum …-experimental situation from which a lot can be learned about the impact of unemployment insurance rules on the dynamics of employment …, unemployment, and wages. We find that the REBP led to a tremendous increase in unemployment, which was due to both an increase in …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … driver for the "German labor market miracle" during the Great Recession. …

The job finding rate declines with the duration of unemployment. While this is a well established fact, the reasons are …" duration dependence, while the remaining 45 percent is due to dynamic selection of the unemployment pool. We also discuss …

Employment Agency did not contribute to the decline of 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 …

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 …

predictions of the model change very little, but the welfare costs of unemployment are much larger because unemployment risk is … distributed unequally across workers. As a result, optimal unemployment insurance may be higher and welfare is lower if hiring is … selective. -- labor market models ; welfare ; optimal unemployment insurance …