Summary This paper studies the association between the unemployment experience of fathers and their sons. Based on German survey data that cover the last decades we find significant positive correlations. Using instrumental variables estimation and the Gottschalk (1996) method we investigate to...

Purpose: The purpose of this paper is to analyze how long-run unemployment of former apprentices depends on the size of their training firm and their ability. Design/methodology/approach: The authors use a large administrative data set that follows graduated apprentices during their working...

Asset purchase programmes (APPs) may insulate banks from having to terminate relationships with unproductive customers. Using administrative plant and bank data, we test whether APPs impinge on industry dynamics in terms of plant entry and exit. Plants in Germany connected to banks with access...