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They are Even Larger! More (on) Puzzling Labor Market Volatilities

Gartner, Hermann - 2009

This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...

Persistent link: https://www.econbiz.de/10013155589

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

Merkl, Christian; Sauerbier, Timo - 2022

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the … 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 …

Persistent link: https://www.econbiz.de/10014241882

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...

Persistent link: https://www.econbiz.de/10013143682

The German Labor Market During the Great Recession : Shocks and Institutions

Gehrke, Britta - 2018

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)...

Persistent link: https://www.econbiz.de/10012909849

Extensive vs. Intensive Margin in Germany and the United States : Any Differences?

Merkl, Christian - 2010

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10013139060

Hartz IV and the Decline of German Unemployment : A Macroeconomic Evaluation

Hochmuth, Brigitte - 2019

This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...

Persistent link: https://www.econbiz.de/10012870220