We document the sources behind the costs of job loss over the business cycle using administrative data from Germany … downturns. A large part of the long-term earnings losses and their cyclicality is driven by declines in wages. Key to these long …-paying firms. Changes in characteristics of workers or displacing firms explain little of the cyclicality, though non-employment …

construct a general equilibrium model where workers' reservation wages and the maximum punishment acceptable before workers quit … an adverse signal, and establishing conditions under which equilibrium entails lowering wages (performance contracting …-strategy equilibrium. The economy is, in general, not efficient either in the selection of the form of equilibrium or the wages paid within …

.4 million and the possibility of payoffs over $1 billion. We conclude that startups attract entrepreneurs with lower risk … aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …

-based startups, we create a custom job board and invite business school alumni to apply. The job board randomizes across applicants … to show coarse expert ratings of all startups' science and/or business model quality. Making this information visible …

paper shows that UI extensions at age thresholds reduced reemployment wages of job searchers in Germany. The UI extensions …This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …