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allowing for third-country effects. When the workhorse two-country model is enlarged to include a third country, a reform … considerably. Differences in the reform spillover effects between foreign countries are mainly due to differences in …
Persistent link: https://www.econbiz.de/10011286047
While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have successfully contributed to the decline of the unemployment rate, critics claim that the reforms led to wage restraint and consequently consumption dampening accompanied by...
Persistent link: https://www.econbiz.de/10010204043
investigates direct and delayed reform effects on synchronisation by applying robustness tests to a panel data framework with …
Persistent link: https://www.econbiz.de/10003813977
Isolated effects of labor and product market institutions as well as the interaction between both aforementioned categories on unemployment have been extensively discussed in the empirical literature. However, interaction effects between individual labor market institutions have been widely...
Persistent link: https://www.econbiz.de/10009298928
We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly...
Persistent link: https://www.econbiz.de/10003114240
This paper treats the question to what extent globalization trends restrict a countryspecific regulation policy in industrial countries. The empirical analysis makes use of recently collected regulation indicators for four policy fields: financial market, product markets, labour markets and...
Persistent link: https://www.econbiz.de/10003301116
Die Bekämpfung der Arbeitslosigkeit genießt oberste wirtschaftspolitische Priorität - dieser Feststellung wird kaum jemand widersprechen wollen. Eher scheiden sich die Geister an der Frage nach dem "wirklichen" quantitativen Ausmaß der Unterbeschäftigung, ihren Ursachen und welche...
Persistent link: https://www.econbiz.de/10011444949
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however, have yet to establish an unequivocal significance of this impact. Model mis-specification, one of the main underlying problems, is overcome by adopting a Bayesian Model...
Persistent link: https://www.econbiz.de/10008652532
In recent years, coinciding with the discussion led in many OECD countries, Germany has started to contract out placement services for the unemployed to private agencies. Whereas in the Netherlands and Australia the whole system of employment services was reorganized at once, making an...
Persistent link: https://www.econbiz.de/10003314709
of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who … macroeconomic effects of the German labor market reforms of 2005 and 2006 (Hartz Reforms). We find that the 2005-reform had large … 2006-reform are qualitatively similar, but quantitatively much smaller. We also show that the social welfare maximizing …
Persistent link: https://www.econbiz.de/10008651589