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(Spillover) Effects of Labour Market Reforms in Germany and France. WWWforEurope Working Paper No. 8

Author

Listed:
  • Claudia Busl
  • Atilim Seymen

    (Centre for European Economic Research)

Abstract

In this paper we analyse the (potential) effects of labour market and fiscal policy reforms by heterogeneous European countries – Germany and France – on the domestic and foreign economy. We test the implications of the gains in matching efficiency and reduced unemployment benefits induced by the German Hartz reforms in a two-country RBC model with frictions in the labour market, which replicates the data quite well. We then explore the reform possibilities in the French labour market and their potential national and international effects by calibrating the model to recent data. Both home and foreign economies benefit from labour market reforms in the home economy in our framework.

Suggested Citation

  • Claudia Busl & Atilim Seymen, 2013. "(Spillover) Effects of Labour Market Reforms in Germany and France. WWWforEurope Working Paper No. 8," WIFO Studies, WIFO, number 46855.
  • Handle: RePEc:wfo:wstudy:46855
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    File URL: https://www.wifo.ac.at/wwa/pubid/46855
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    References listed on IDEAS

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    1. Patureau, Lise, 2007. "Pricing-to-market, limited participation and exchange rate dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 31(10), pages 3281-3320, October.
    2. Faia, Ester & Lechthaler, Wolfgang & Merkl, Christian, 2013. "Fiscal stimulus and labor market policies in Europe," Journal of Economic Dynamics and Control, Elsevier, vol. 37(3), pages 483-499.
    3. Matthias S. Hertweck & Oliver Sigrist, 2012. "The Aggregate Effects of the Hartz Reforms in Germany," Working Paper Series of the Department of Economics, University of Konstanz 2012-38, Department of Economics, University of Konstanz.
    4. Tom Krebs & Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 664-701, December.
    5. Bargain, Olivier & Orsini, Kristian & Peichl, Andreas, 2011. "Labor Supply Elasticities in Europe and the US," IZA Discussion Papers 5820, Institute of Labor Economics (IZA).
    6. Jan Hogrefe & Marcus Kappler, 2013. "The labour share of income: heterogeneous causes for parallel movements?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 11(3), pages 303-319, September.
    7. Tom Krebs & Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 664-701, December.
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    1. repec:wfo:wstudy:58791 is not listed on IDEAS
    2. repec:wfo:wstudy:47247 is not listed on IDEAS
    3. repec:wfo:wstudy:58411 is not listed on IDEAS
    4. repec:wfo:wstudy:47503 is not listed on IDEAS

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