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

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 …

comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …