TY  - RPRT
        AU  - Launov, Andrey
AU  - Wälde, Klaus
        TI  - Thumbscrews for Agencies or for Individuals? How to Reduce Unemployment
        PY  - 2013/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7659
        UR  - https://www.iza.org/publications/dp7659
        AB  - To which extent does an increase in operating effectiveness of public employment agencies on the one hand and a reduction of unemployment benefits on the other reduce unemployment? Using the recent labour market reform in Germany as background we find that the role of unemployment benefit reduction for the reduction of unemployment is very modest (7% of the observed decline). Enhanced effectiveness of public employment agencies, to the contrary, explains a substantial part (34%) of the observed post-reform unemployment decline. If disincentive effects of PEA reforms had been avoided, the effect could have increased to 51%.
        KW  - structural model
KW  - employment agencies
KW  - unemployment benefits
KW  - labour market reform
KW  - unemployment
        ER  -