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

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of … institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

the effects of the restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate … matching and unemployment. Based on two microeconomic datasets, we show that the market share of the Federal Employment Agency … as job intermediary declined after the Hartzreforms. We propose a macroeconomic model of the labor market with a private …

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 …

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 … direct empirical evidence on labor selection, one potential dimension of recruiting intensity. …

, and national level and show that it is negatively correlated with unemployment. In addition, panel estmations reveal a … labor selection models. …

relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different … model with both mechanisms to administrative German labor market data and show that idiosyncratic productivity for new …

providing a benchmark for quantitative macroeconomic models. We propose and calibrate a labor market ow model to match various … empirical facts and to perform counterfactual exercises. If all establishments behaved as the most procyclical ones, labor …

This paper analyzes the effects of different wage cyclicalities on labor market flow dynamics at the establishment … labor market flow dynamics. …