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This paper shows that earnings losses after unemployment increase with age. First, older employees start out with relatively high earnings in comparison to employees without employment interruptions several years before the non-employment spell. This earnings advantage turns into a strong...
Persistent link: https://www.econbiz.de/10003728393
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095
On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show...
Persistent link: https://www.econbiz.de/10003328091
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The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10003342766
Based on new administrative data for Germany covering entrances into job creation schemes between July 2000 and May … into quarters, regional (East and West Germany) as well as gender differences are considered in the estimation. As matching … influences. The results in terms of employment present a mixed picture. For West Germany, most of the estimates are insignificant …
Persistent link: https://www.econbiz.de/10003337998
estimates the long-run differential employment effects of three different types of training programs in West Germany. We use …
Persistent link: https://www.econbiz.de/10003338016
In this paper data from a survey of 1,771 inmates conducted in 31 German prisons provide microeconometric evidence on the relationship between individual anticipated labour market opportunities and the perceived probability of future recidivism. Results show that inmates with poor labour market...
Persistent link: https://www.econbiz.de/10003805645