Titelaufnahme

Titel
What hides behind the German labor market miracle? Unemployment insurance reforms and labor market dynamics / Benjamin Hartung (University of Bonn), Philip Jung (TU Dortmund and IZA), Moritz Kuhn (University of Bonn, CEPR and IZA) ; IZA Institute of Labor Economics
VerfasserHartung, Benjamin ; Jung, Philip ; Kuhn, Nikolas Moritz
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, November 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (66 Seiten) : Diagramme
SerieDiscussion paper ; no. 12001
URNurn:nbn:de:hbz:5:2-174079 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
What hides behind the German labor market miracle? Unemployment insurance reforms and labor market dynamics [0.49 mb]
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Zusammenfassung (Englisch)

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.