of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who … can invest in risk-free physical capital and risky human capital. Unemployed households receive unemployment benefits and … employment effects: the equilibrium unemployment rate has been reduced by approximately 1.1 percentage points from 7.5 to 6 …

average. Yet, in counties neighboring West Germany, we find that courses reduced unemployment. Low labor demand may have …After the German Reunification in 1990, East Germany transitioned from a centrally planned economic system to a market … been analyzed so far. Based on newly digitized data, we evaluate the effects of VHS courses on unemployment in a county …