local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

the labor force and almost doubles the unemployment risk. The financial effects of health shocks are small on average and …

monthly employment and unemployment rates and the monthly transition intensities between the states of employment …, unemployment, and out-of-thelabor- force for the German labor market between January/February 1983 and November/ December 1994. The …

German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to … unemployment and vice versa. While long-term differences across demographic groups are dominating the structure of both job loss …

lead to higher equilibrium unemployment via the generated real wage wedge. …