The German unemployment since the Hartz reforms: Permanent or transitory fall?

Gaëtan Stephan () and Julien Lecumberry
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Gaëtan Stephan: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique
Julien Lecumberry: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: The Hartz reforms were designed to make the German labor market more flexible in order to reverse the increasing trend of unemployment. This paper employs unobserved components models in order to distinguish permanent from transitory movements in the German unemployment rate. Our results show that the permanent component of the German unemployment was reduced in the range of 1.1 and 2.6 percentage points after the Hartz reforms.

Keywords: business cycle; unobserved components; Hartz reforms (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-eec
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01238494
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Citations: View citations in EconPapers (2)

Published in Economics Letters, 2015, 136, pp.49-54. ⟨10.1016/j.econlet.2015.08.003⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01238494

DOI: 10.1016/j.econlet.2015.08.003

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