In 2005, the unemployment compensation for long-term unemployed was reduced in Germany. We examine how this reform … affected the transition probability to employment. Additionally, we inspect how this effect varies over unemployment duration … raised the transition probability of short-term unemployed. The effect is even higher, the longer the unemployment duration …

exit hazard from unemployment, and to a 2.5 percent decrease in the drop out hazard. It is also associated with a 0.5 EUR …

Eurozone. We discuss different alternatives how an unemployment insurance system for the euro area could be designed and run …

unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … scenario the rule based component of short-time work (i.e., due to the existence of the institution) stabilizes unemployment …-time work interventions (i.e., rule changes) do not have any statistically significant effect on unemployment. These effects are …

unemployment benefits on the other reduce unemployment? Using the recent labour market reform in Germany we find that an improved … agency explains substantial part of the observed post-reform unemployment decline: 34%. If disincentive effects of the agency … discussed unemployment benefits. …

, the model captures the shapes of the empirically observed age profiles of average wages, the unemployment rate, the … unemployment to employment transition rate, and the employment to employment transition rate. …