The Aggregate Effects of the Hartz Reforms in Germany
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2012
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Sigrist, Oliver
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Zusammenfassung
This paper quantifies the impact of the Hartz reforms on matching efficiency, using monthly SOEP gross worker flows (1983-2009). We show that, until the early 2000s, close to 60% of changes in the unemployment rate are due to changes in the inflow rate (job separation). On the contrary, since the implementation of the reforms in the mid-2000s, the importance of the outflow rate (job finding) has been steadily increasing. This indicates that matching efficiency has improved substantially in recent years. Results from an estimated matching function - pointing to efficiency gains of more than 20% - corroborate this finding.
Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
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SOEP gross worker flows, Hartz reforms, matching efficiency, unemployment fluctuations
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HERTWECK, Matthias Sebastian, Oliver SIGRIST, 2012. The Aggregate Effects of the Hartz Reforms in GermanyBibTex
@techreport{Hertweck2012Aggre-21139, year={2012}, series={Working Paper Series / Department of Economics}, title={The Aggregate Effects of the Hartz Reforms in Germany}, number={2012-38}, author={Hertweck, Matthias Sebastian and Sigrist, Oliver}, note={http://www.wiwi.uni-konstanz.de/workingpaperseries/WP_Hertweck-Sigrist_38-12.pdf} }
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http://www.wiwi.uni-konstanz.de/workingpaperseries/WP_Hertweck-Sigrist_38-12.pdf
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