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We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381
workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …
Persistent link: https://www.econbiz.de/10014250138
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … difficult-to-explain trends in the unemployment rate of older German workers …
Persistent link: https://www.econbiz.de/10014421233
Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …
Persistent link: https://www.econbiz.de/10014544764
We systematically review studies of how unemployment benefits affect unemployment duration. Statistically significant …
Persistent link: https://www.econbiz.de/10015056158
Persistent link: https://www.econbiz.de/10001654531
technological progress may lead to technological unemployment - via efficiency wage effects and as a transitional phenomenon. Lastly …
Persistent link: https://www.econbiz.de/10012453539
error in unemployment rates as an exogenous variation. Unfortunately, we find that this approach falls prey to the very … the effects of unemployment benefit extensions on the labor market and attempt to reconcile their apparently disparate …
Persistent link: https://www.econbiz.de/10012456395
We study how an economy's production structure determines the response of aggregate output and employment to sectoral financial shocks. In our framework, economic production is organized in an input-output network in which firms face financial constraints on their working capital. We show how...
Persistent link: https://www.econbiz.de/10012456463
By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering … this question is challenging because U.S. law extends benefits for states experiencing high unemployment. We use data … and find that they increased the unemployment rate by at most 0.3 percentage point …
Persistent link: https://www.econbiz.de/10012456512