%0 Report
        %A Hujer, Reinhard
%A Zeiss, Christopher
        %T Macroeconomic Impacts of ALMP on the Matching Process in West Germany
        %D 2003
        %8 2003 Oct
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 915
        %U https://www.iza.org/index.php/publications/dp915
        %X 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.
        %K matching function
%K dynamic panel data model
%K Active Labour Market Policy
%K search models