TY  - RPRT
        AU  - Hujer, Reinhard
AU  - Zeiss, Christopher
        TI  - Macroeconomic Impacts of ALMP on the Matching Process in West Germany
        PY  - 2003/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 915
        UR  - https://www.iza.org/index.php/publications/dp915
        AB  - 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.
        KW  - matching function
KW  - dynamic panel data model
KW  - Active Labour Market Policy
KW  - search models
        ER  -