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Macroeconomic Evaluation Of Labor Market Reform In Germany
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Book Synopsis Macroeconomic Evaluation of Labor Market Reform in Germany by : Mr.Tom Krebs
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.
Book Synopsis The German Labor Market Reforms and Post-Unemployment Earnings by : Niklas Engbom
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.
Book Synopsis Structural Reform in Germany by : Mr.Tom Krebs
Download or read book Structural Reform in Germany written by Mr.Tom Krebs and published by International Monetary Fund. This book was released on 2016-04-26 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.
Book Synopsis Before and After the Hartz Reforms by : Lena Jacobi
Download or read book Before and After the Hartz Reforms written by Lena Jacobi and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Having faced high unemployment rates for more than a decade, the German government implemented a comprehensive set of labour market reforms during the period 2003-2005. This paper describes the economic and institutional context of the German labour market before and after these so-called Hartz reforms. Focussing on active policy measures, we delineate the rationale for reform and its main principles. As results of programme evaluation studies post-reform have become available just now, we give a first assessment of the effectiveness of key elements of German ALMP before and after the Hartz reforms. The evidence indicates that the re-organisation of public employment services was mainly successful, with the exception of the outsourcing of services. Re-designing training programmes seems to have improved their effectiveness, while job creation schemes continue to be detrimental for participants' employment prospects. Wage subsidies and start-up subsidies show significantly positive effects. On balance, therefore, the reform seems to be moving the German labour market in the right direction"--Forschungsinstitut zur Zukunft der Arbeit web site.
Book Synopsis Macroeconomic Aspects of Structural Labor Market Reforms in Germany by : Jonas Dovern
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:
Book Synopsis Overqualification in the German labor market by : Jan H. Bühring
Download or read book Overqualification in the German labor market written by Jan H. Bühring and published by GRIN Verlag. This book was released on 2014-07-28 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2013 in the subject Economics - Job market economics, grade: 1,3, Leuphana Universität Lüneburg (Institut für Volkswirtschaftslehre), language: English, abstract: A strange course description of an adult education center created rumblings in the press last year. The title of the new announced course was: De-qualification for academics; accompanied by the explanation that an academic degree or even a doctorate can be a big hurdle for employment in certain jobs like construction helper. But there would be no reason to despair, since the necessary target group specific vocabulary, adequat clothing, and specifically attitude changes can be learned. Despite of these clichés and a scheduled starting date of 1st April, the most funny but also characteristic thing was that several journalists fell for this April fool. The subjective perception of higher education has obviously changed in parts (Karschnick 2012). In former times, people used to say that you have to study to be successful in your job. Is overqualification for university graduates in Germany really existing and increasingly becoming a problem? However, this question can also be seen in another way. Directly related to this aggregated perspective is the decision making of an individual. If there are many university graduates working in an occupation, which does not require their education, it is obviously not very desirable. Is it worth to study and striving for an university degree?
Book Synopsis Discretionary Measures of Active Labor Market Policy by : Michael Fertig
Download or read book Discretionary Measures of Active Labor Market Policy written by Michael Fertig and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Reform in Germany by : Eckhard Wurzel
Download or read book Labour Market Reform in Germany written by Eckhard Wurzel and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis Labour Market Reforms in Portugal 2011-15 A Preliminary Assessment by : OECD
Download or read book Labour Market Reforms in Portugal 2011-15 A Preliminary Assessment written by OECD and published by OECD Publishing. This book was released on 2017-02-21 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report evaluates the comprehensive labour market reforms undertaken in Portugal in 2011-15. It reviews reforms in employment protection legislation, unemployment benefits, activation, collective bargaining, minimum wages and working time, and assesses the available evidence on their impact.
Book Synopsis Unemployment and Labor Market Rigidities - Theroy, Empricial Evidence and Recent Labor Market Reforms in Germany by : Denis Drechsler
Download or read book Unemployment and Labor Market Rigidities - Theroy, Empricial Evidence and Recent Labor Market Reforms in Germany written by Denis Drechsler and published by . This book was released on 2004 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Reform in Germany by : Heinz Jansen
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.
Book Synopsis Do Active Labor Market Policies Increase Employment? by : Mr.Marcello M. Estevão
Download or read book Do Active Labor Market Policies Increase Employment? written by Mr.Marcello M. Estevão and published by International Monetary Fund. This book was released on 2003-12-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional and other economic factors. However, part of this wage moderation may be linked to a composition effect because policies were targeted to low-paid individuals. Whether ALMPs are cost-effective from a budgetary perspective remains to be determined, but they are certainly not substitutes for comprehensive institutional reforms.
Book Synopsis German Economic Performance by : Wendy Carlin
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.
Book Synopsis Labour Market Reforms and the "jobs Miracle" in Germany by :
Download or read book Labour Market Reforms and the "jobs Miracle" in Germany written by and published by . This book was released on 2013 with total page 0 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.
Book Synopsis Transitions in the German Labor Market by : Michael U. Krause
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.
Book Synopsis A Conceptual Framework for the Evaluation of Comprehensive Labor Market Policy Reforms in Germany by : Michael Fertig
Download or read book A Conceptual Framework for the Evaluation of Comprehensive Labor Market Policy Reforms in Germany written by Michael Fertig and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
