economic depression. We uncover three key facts based on our analysis of around 150 recessions and recoveries since 1870: (i …

which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …

changes. While employment and welfare increase in most countries, some experience higher unemployment and lower welfare. Labor …

formation? On the one hand, recessions decrease potential business income and wealth, but on the other hand they restrict … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … individuals who are initially not employed respond more to high local unemployment rates by starting businesses than wage …

Efficiency wages theories argue that the threat of firing, coupled with a high unemployment rate, is a mechanism that … discourages employee shirking in asymmetric information contexts. Our empirical analysis aims to verify the role of unemployment …, we investigate the relationship between worker’s absences and local unemployment rate (at the provincial level). We find …

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …

how a person’s employment status affects cognitive well-being. Our results show that unemployment has a negative impact on … strengthens the loss in identity utility of men, but weakens that of women. Unemployment of a person’s partner reduces the …

impact on aggregate unemployment, native- and foreign-born unemployment rates). We also find that migration is influenced by … host economic conditions (migration responds positively to host GDP per capita and negatively to host total unemployment …