How Long to Read Macroeconomic Evaluation of Labor Market Reform in Germany

How Long Does it Take to Read Macroeconomic Evaluation of Labor Market Reform in Germany?

It takes the average reader and 42 minutes to read Macroeconomic Evaluation of Labor Market Reform in Germany by Mr. Tom Krebs

Assuming a reading speed of 250 words per minute. Learn more

Description

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 with search unemployment to evaluate the macro-economic and welfare effects of the Hartz IV reform. We calibrate the model economy to German data before the reform and then use the calibrated model economy to simulate the effects of Hartz IV. In our baseline calibration, we find that the reform has reduced the long-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases, but the welfare of unemployed households decreases even with moderate degree of risk aversion.

How long is Macroeconomic Evaluation of Labor Market Reform in Germany?

Macroeconomic Evaluation of Labor Market Reform in Germany by Mr. Tom Krebs is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Macroeconomic Evaluation of Labor Market Reform in Germany Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Macroeconomic Evaluation of Labor Market Reform in Germany aloud.

What Reading Level is Macroeconomic Evaluation of Labor Market Reform in Germany?

Macroeconomic Evaluation of Labor Market Reform in Germany is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Macroeconomic Evaluation of Labor Market Reform in Germany?

Macroeconomic Evaluation of Labor Market Reform in Germany by Mr. Tom Krebs is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Macroeconomic Evaluation of Labor Market Reform in Germany by Mr. Tom Krebs on Amazon click the button below.