Our paper estimates the average effect of wage subsidies - paid to employers for a limited period of time - on the labour market prospects of needy job-seekers without access to insurance-paid 'unemployment benefit I'. The results show that wage subsidies had large and significant favourable...

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...

Das IAB wird regelmäßig zur aktuellen Lage und weiteren Entwicklung auf dem Arbeitsmarkt zu Rate gezogen, beispielsweise bei der Beratung des Vorstands der BA, des BMAS und der Selbstverwaltung, z. B. im Zusammenhang mit den Beratungen des Haushalts der BA und schließlich laufend in...

This paper is the first to analyze how much the probability of selecting a worker from a pool of applicants fluctuates over the business cycle. We use the German Job Vacancy Survey to construct the selection rate on the regional, industry, and national level and show that it is negatively...