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- handle: 10670/1.ha90kf
- halshs: halshs-01238494
- doi: 10.1016/j.econlet.2015.08.003
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.econlet.2015.08.003
info:eu-repo/semantics/OpenAccess
Mots-clés
business cycle unobserved components Hartz reforms C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C32 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes • State Space Models E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E32 - Business Fluctuations • CyclesSujets proches
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Gaëtan Stephan et al., « The German unemployment since the Hartz reforms: Permanent or transitory fall? », HAL-SHS : économie et finance, ID : 10.1016/j.econlet.2015.08.003
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Résumé
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.