| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13328 |
| DP13328 What hides behind the German labor market miracle? Unemployment insurance reforms and labor market dynamics | |
| Moritz Kuhn; Philip Jung | |
| 发表日期 | 2018-11-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor market dynamics. We revisit this old question studying the German Hartz reforms. On average, lower separation rates explain 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates. The reduction in separation rates is heterogeneous, with long-term employed, high-wage workers being most affected. We causally link our empirical findings to the reduction in long-term unemployment benefits using a heterogeneous-agent labor market search model. Absent the reform, unemployment rates would be 50% higher today. |
| 主题 | Labour Economics ; Monetary Economics and Fluctuations |
| 关键词 | Unemployment insurance Labor market flows Endogenous separations |
| URL | https://cepr.org/publications/dp13328 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542141 |
| 推荐引用方式 GB/T 7714 | Moritz Kuhn,Philip Jung. DP13328 What hides behind the German labor market miracle? Unemployment insurance reforms and labor market dynamics. 2018. |
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