Patterns of unemployment dynamics in Germany

Daniela Nordmeier and Enzo Weber
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Daniela Nordmeier: Institute for Employment Research (IAB), Nuremberg, Germany ; University of Erlangen-Nuremberg

No 201302, IAB-Discussion Paper from Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany]

Abstract: "This paper studies the patterns of unemployment dynamics in Germany. To provide a deeper insight into the margins of unemployment adjustment, we employ a structural VAR model and identify the effects of a technology shock as well as two policy shocks. We find that the worker reallocation process varies substantially with the identified shocks. The job finding rate plays a larger role following a technology shock and a monetary policy shock, while the separation rate appears as the dominant margin after a fiscal policy shock. Technology shocks are relatively important for variations in the transition rates, though they do not seem to trigger the high volatilities of German labor market variables. Considering policy shocks, our results point towards fiscal interventions as a promising instrument, but with several limitations." (Author's abstract, IAB-Doku) ((en))

Keywords: Bundesrepublik Deutschland; Determinanten; Finanzpolitik; Geldpolitik; Arbeitslosigkeitsentwicklung; technischer Wandel (search for similar items in EconPapers)
JEL-codes: E24 E32 J63 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2013
New Economics Papers: this item is included in nep-lab and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: PATTERNS OF UNEMPLOYMENT DYNAMICS IN GERMANY (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:iab:iabdpa:201302

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