quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …

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 …

matching and unemployment. Based on two microeconomic datasets, we show that the market share of the Federal Employment Agency … activities of the Federal Employment Agency did not contribute to the decline of unemployment in Germany. By contrast, improved …

generosity of long-term unemployment benefits. We propose a model with different unemployment durations, where the reform …'s steady state unemployment and that partial and equilibrium effect were nearly of equal importance. In addition, we provide …

institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

firms, and differences in days in unemployment are small. We also document substantial heterogeneities in the employment …