Macroeconomic Evaluation of Labor Market Reform in Germany /

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 w...

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Bibliographic Details
Main Author: Krebs, Tom
Other Authors: Scheffel, Martin
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2013.
Series:IMF Working Papers; Working Paper ; No. 2013/042
Online Access:Full text available on IMF