Macroeconomic Impacts of ALMP on the Matching Process in West Germany

Reinhard Hujer () and Christopher Zeiss ()
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Reinhard Hujer: Goethe University Frankfurt
Christopher Zeiss: Goethe University Frankfurt

No 915, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper investigates the macroeconomic effects of job creation schemes and vocational training on the matching processes in West Germany. The empirical analysis is based on regional data for local employment office districts for the period from 1999 to 2003. The empirical model relies on a dynamic version of a matching function augmented by ALMP. In order to obtain consistent estimates in the presence of a dynamic panel data model, a firstdifferences GMM estimator and a transformed maximum likelihood estimator are applied. Furthermore the paper considers the endogeneity problem of the policy measures. The results obtained from our estimates indicate that vocational training does not significantly affect the matching process and that job creation schemes have a negative effect.

Keywords: matching function; dynamic panel data model; Active Labour Market Policy; search models (search for similar items in EconPapers)
JEL-codes: C23 E24 H43 J64 J68 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2003-10
New Economics Papers: this item is included in nep-mac and nep-pbe
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Citations: View citations in EconPapers (12)

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