The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a … the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of … regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively …

unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …

unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …

In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage … evidence for a private gain from trade union membership which has hitherto not been documented: in West Germany, union members …

lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are identical and firms … risky tail of the distribution of firm-level unemployment risk. Meanwhile, unemployment becomes persistent for low-wage and … differ only in job security (i.e. the probability that the worker is not sent into unemployment). In a setting where workers …

analysis is based on administrative data that comprise the universe of workers employed in Germany between 1980 and 2001. The …

counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important … component appears to be completely ineffective. In a case study for Germany, we use the rich data available to combine micro …