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Author : Jonas Dovern
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (246 download)
Download or read book Macroeconomic Aspects of Structural Labor Market Reforms in Germany written by Jonas Dovern and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Tom Krebs
Publisher : International Monetary Fund
ISBN 13 : 1616350105
Total Pages : 42 pages
Book Rating : 4.6/5 (163 download)
Download or read book Macroeconomic Evaluation of Labor Market Reform in Germany written by Mr.Tom Krebs and published by International Monetary Fund. This book was released on 2013-02-13 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2005 the German government implemented the so-called Hartz IV reform, which amounted to a complete overhaul of the German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare effects of the Hartz IV reform. We calibrate the model economy to German data before the reform and then use the calibrated model economy to simulate the effects of Hartz IV. In our baseline calibration, we find that the reform has reduced the long-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases, but the welfare of unemployed households decreases even with moderate degree of risk aversion.
Author : Niklas Engbom
Publisher : International Monetary Fund
ISBN 13 : 1513564595
Total Pages : 26 pages
Book Rating : 4.5/5 (135 download)
Download or read book The German Labor Market Reforms and Post-Unemployment Earnings written by Niklas Engbom and published by International Monetary Fund. This book was released on 2015-07-17 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2003–05, Germany undertook extensive labor market reforms which were followed by a large and persistent decline in unemployment. Key elements of the reforms were a drastic cut in benefits for the long-term unemployed and tighter job search and acceptance obligations. Using a large confidential data set from the German social security administration, we find that the reforms were associated with a fall in the earnings of workers returning to work from short-term unemployment relative to workers in long-term employment of about 10 percent. We interpret this as evidence that the reforms strengthened incentives to return to work but, in doing so, they adversely affected post re-entry earnings.
Author : Mr.Tom Krebs
Publisher : International Monetary Fund
ISBN 13 : 1484339681
Total Pages : 59 pages
Book Rating : 4.4/5 (843 download)
Download or read book Structural Reform in Germany written by Mr.Tom Krebs and published by International Monetary Fund. This book was released on 2016-04-25 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector. The analysis is based on a macroeconomic model with physical capital, human capital, job search, and household heterogeneity. All three reforms have positive short-run and long-run effects on employment, wages, and output. The quantitative effects of the deregulation reform are relatively small due to the smal size of professional services in Germany. Policy reforms i) and ii) have substantial macroeconomic effects and positive distributional consequences. Ten years after implementation, reforms i) and ii) taken together increase employment by 1.6 percent, potential output by 1.5 percent, real hourly pre-tax wages in the low-wage sector by 3 percent, and real hourly pre-tax wages of women with children by 2.7 percent. The two reforms create fiscal deficits in the short run, but they also generate substantial fiscal surpluses in the long-run. They are fiscally efficient in the sense that the present value of short-term fiscal deficits and long-term surpluses is positive for any interest (discount) rate less than 9 percent.
Author : Jakob de Haan
Publisher : Springer
ISBN 13 : 3319744003
Total Pages : 293 pages
Book Rating : 4.3/5 (197 download)
Download or read book Structural Reforms written by Jakob de Haan and published by Springer. This book was released on 2018-03-22 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.
Author : Kenneth Dyson
Publisher : Routledge
ISBN 13 : 1317998553
Total Pages : 175 pages
Book Rating : 4.3/5 (179 download)
Download or read book The Politics of Economic Reform in Germany written by Kenneth Dyson and published by Routledge. This book was released on 2014-07-16 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new volume situates current debates about economic reform in Germany in illuminating historical and structural contexts. Showing how economic reform has become the central issue on the German political agenda, raising contentious issues of policy management and posing deeper questions about political beliefs and identities. It also examines the politics of the reform process, outlining competing views about the root causes of Germany’s economic problems, the appropriate policy responses, and the distribution of costs. It situates the reform process in the wider context of the decline of the German economic model (Modell Deutschland) and Germany’s transition from European ‘pace-setter’ to economic ‘laggard’. Particular attention is paid to the following key questions: What continuities and discontinuities can be seen in Germany's political economy? Are globalization and Europeanization associated with a progressive neo-liberal ascendancy in economic reform? How does economic reform in Germany compare with that in other states, notably Britain and France? Are there distinctive patterns in the way domestic policymakers negotiate economic reform? How do the characteristics of the German labour market and welfare state condition economic reform? How much variation exists at the Laender levels? This book was previously published as a special issue of German Politics.
Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1475522444
Total Pages : 22 pages
Book Rating : 4.4/5 (755 download)
Download or read book Germany written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-06-30 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the macroeconomic impact of targeted labor market reforms aimed at boosting employment and labor productivity and the price responsiveness of German residential investment. Germany’s population is getting older, and potential growth is set to decline. Demographic projections suggest that labor force will start declining around 2020, and will drop at an accelerating pace once immigration flows normalize. After years of stagnation, German housing prices and new residential rents have increased more steeply since 2009, especially in large cities. This paper provides econometric evidence that supply response to changes in housing prices has declined over the past several years and discusses how various housing policies can foster this response.
Author : Nauro F. Campos
Publisher : Oxford University Press
ISBN 13 : 0192554972
Total Pages : 307 pages
Book Rating : 4.1/5 (925 download)
Download or read book The Political Economy of Structural Reforms in Europe written by Nauro F. Campos and published by Oxford University Press. This book was released on 2018-07-04 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforms in labour and product markets play a central role in government policies. The Political Economy of Structural Reforms in Europe takes stock of current frontier work. It brings together leading contributions from academia, the central banks in Europe, and the OECD to argue that structural reforms can make a fundamental contribution to improve economic performance across Europe. The Political Economy of Structural Reforms in Europe brings together theoretical and empirical studies that address the potential role of structural reforms in restoring macroeconomic stability, resuming economic growth, addressing income inequality, and grappling secular stagnation. It throws new light on the determinants and effects of structural reforms and on how these shape the European integration experience.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264062173
Total Pages : 327 pages
Book Rating : 4.2/5 (64 download)
Download or read book Macroeconomic Policies and Structural Reform written by OECD and published by OECD Publishing. This book was released on 1996-12-10 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Faced with increased unemployment, declining productivity and weak public finances, most OECD countries have adopted policies of fiscal consolidation and structural reform in goods, labour and financial markets. Price stability is now at hand, but ...
Author : Angana Banerji
Publisher : International Monetary Fund
ISBN 13 : 1475585047
Total Pages : 120 pages
Book Rating : 4.4/5 (755 download)
Download or read book Labor and Product Market Reforms in Advanced Economies written by Angana Banerji and published by International Monetary Fund. This book was released on 2017-03-13 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: tc
Author : Organisation for Economic Co-operation and Development
Publisher : OECD
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.F/5 ( download)
Download or read book Macroeconomic Policies and Structural Reform written by Organisation for Economic Co-operation and Development and published by OECD. This book was released on 1996 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains the papers presented at the international conference "Interactions between structural reform, macroeconomic policies and economic performance" & summarises discussions held. Part of the follow-up programme of work [from] the OECD jobs study. - On cover: OECD proceedings
Author : Matthias Knuth
Publisher :
ISBN 13 : 9789283022107
Total Pages : 39 pages
Book Rating : 4.0/5 (221 download)
Download or read book Impact of the Labour Legislation Reform in Germany written by Matthias Knuth and published by . This book was released on 2014 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Radical labour market reforms were implemented in Germany between 2002 and 2005, reforms that overturned the received idea that Germany was suffering from "reform paralysis". However, the part of these reforms that specifically concerned labour law was very small; their main purpose was to overhaul the social security and activation system for the unemployed and others of working age who are in need of support in line with a "work first" strategy. These reforms were extremely controversial and changed the party-political landscape in Germany. Shortly after the reforms were introduced, a trend reversal took place on the German labour market: unemployment fell, employment with mandatory social insurance contributions picked up again, and the German labour market proved extraordinarily resilient through the 2008-2009 financial and economic crisis. Since then, the German economy has been so strong as to arouse increasing concern about economic imbalances within Europe. At the same time, however, neighbouring European countries are endeavouring to emulate Germany's supposed path to success by implementing "structural reforms" along the lines of the German model, in the hope of achieving similar results.
Author : Heinz Jansen
Publisher :
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.:/5 (117 download)
Download or read book Labour Market Reform in Germany written by Heinz Jansen and published by . This book was released on 2004 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent employment statistics indicate a remarkable change from historical patterns,which have shown a strong increase in structural unemployment in each of the last three decades. Although the German economy did not grow in 2003, employment has contracted by only 1%, while unemployment has even started to fall mildly since Spring 2003. This note surveys whether these changes can be attributed to actual changes related in particular to the Hartzʺ labour market reforms, which brought a wide array of individual measures to ease labour market rigidities. It is shown that, while changes in the way unemployment is registered explains much of the statistical change, there are indeed also first signs that the labour market is becoming more flexible. The full impact of labour market reforms will,however, only become visible over the next few years. The extent to which these measures will prove effective also depends crucially on their being accompanied by structural reforms in other parts of the economy.
Author : Leslie Lipschitz
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.3/5 ( download)
Download or read book Federal Republic of Germany written by Leslie Lipschitz and published by International Monetary Fund. This book was released on 1989-01-27 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter reviews recent economic developments and economic prospects in which the emergence of the principal imbalances is traced, and their persistent character highlighted in the Federal Republic of Germany. On macroeconomic policies, while one might quibble about the rate of expansion of the money supply or the timing of tax reduction and reform, the paper does not find major errors in the formulation or implementation of policies that would account for the principal economic imbalances. The need to reduce rules and regulations, which act to limit the flexibility and dynamism of the German economy, has been reinforced by the objective of fully liberalizing trade in services within the European Community by 1992. The banking industry is exempt from the provisions of the antitrust law, which prohibits restraints on competition, price collusion, and other collusive agreements. Among economists, there is a broad agreement that structural reforms in Germany would greatly improve economic performance and contribute to external adjustment.
Author : Jean-Paul Fitoussi
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.F/5 ( download)
Download or read book European Unemployment written by Jean-Paul Fitoussi and published by . This book was released on 1997 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael U. Krause
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (13 download)
Download or read book Transitions in the German Labor Market written by Michael U. Krause and published by . This book was released on 2016 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the so-called Hartz IV reforms around 2005 and during the global crisis of 2008/2009, the German labor market featured mainly declining unemployment rates. We develop a search and matching model with heterogeneous skills to explore the role of structural and cyclical policies for this performance. Calibrating unemployment benefits to approximate legislation before and after the reforms, we find a large reduction in unemployment and its duration, with the transition concluding after about three years. During the crisis, the extended use of short-time labor subsidies that prevent jobs from being destroyed is likely to have prevented strong increases in unemployment.
Author : Wendy Carlin
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book German Economic Performance written by Wendy Carlin and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since unification, the debate about Germany's poor economic performance has focused on supply-side weaknesses, and the associated reform agenda sought to make low-skill labour markets more flexible. We question this diagnosis using three lines of argument. First, effective restructuring of the supply side in the core advanced industries was carried out by the private sector using institutions of the coordinated economy, including unions, works councils and blockholder owners. Second, the implementation of orthodox labour market and welfare state reforms created a flexible labour market at the lower end. Third, low growth and high unemployment are largely accounted for by the persistent weakness of domestic aggregate demand, rather than by the failure to reform the supply side. Strong growth in recent years reflects the successful restructuring of the core economy. To explain these developments, we identify the external pressures on companies in the context of increased global competition, the continuing value of the institutions of the coordinated market economy to the private sector and the constraints imposed on the use of stabilizing macroeconomic policy by these institutions. We also suggest how changes in political coalitions allowed orthodox labour market reforms to be implemented in a consensus political system.
