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Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence

Sala, Luca - 2012

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial …

Persistent link: https://www.econbiz.de/10012460226

When Institutions Interact : How the Effects of Unemployment Insurance are Shaped by Retirement Policies

Gudgeon, Matthew; Guzman, Pablo; Schmieder, Johannes; … - National Bureau of Economic Research - 2023

This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of these interactions, documenting large bunching in UI...

Persistent link: https://www.econbiz.de/10014421233

Labor Market Institutions and the Distribution of Wages, 1973-1992 : A Semiparametric Approach

DiNardo, John - 1995

recent changes in the U.S. distribution of wages. The effects of these factors are estimated by applying kernel density … of wages these various factors exert the greatest impact. Using data from the Current Population Survey, we find, as in ….S. distribution of wages from 1979 to 1988 …

Persistent link: https://www.econbiz.de/10012473794

Evidence on Job Search Models from a Survey of Unemployed Workers in Germany

DellaVigna, Stefano - 2020

The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then exhibits a spike at the benefit exhaustion point. A range of theoretical explanations have been proposed, but those are hard to disentangle using data on job finding alone. To...

Persistent link: https://www.econbiz.de/10012481994

The Effects of Extended Unemployment Insurance over the Business Cycle : Evidence from Regression Discontinuity Estimates Over Twenty Years

Schmieder, Johannes - 2012

One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face of longer unemployment spells. Although it is a common concern that such extensions may themselves raise nonemployment durations, it is not known how recessions would affect the...

Persistent link: https://www.econbiz.de/10012460845

Skill Depreciation during Unemployment : Evidence from Panel Data

Cohen, Jonathan P.; Johnston, Andrew; Lindner, Attila - National Bureau of Economic Research - 2023

We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration, and indicators of depression and loneliness rise...

Persistent link: https://www.econbiz.de/10014250138

The Costs of Job Displacement over the Business Cycle and Its Sources : Evidence from Germany

Schmieder, Johannes; Wachter, Till von; Heining, Jörg - National Bureau of Economic Research - 2022

downturns. A large part of the long-term earnings losses and their cyclicality is driven by declines in wages. Key to these long …

Persistent link: https://www.econbiz.de/10013334381

Global Trends in Income Inequality and Income Dynamics : New Insights from GRID

Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - National Bureau of Economic Research - 2022

The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...

Persistent link: https://www.econbiz.de/10013388880

Labor in the Boardroom

Jäger, Simon - 2019

We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

Persistent link: https://www.econbiz.de/10012480463

Earnings Dynamics and Intergenerational Transmission of Skill

Lochner, Lance - 2020

This paper develops and estimates a two-factor model of intergenerational skill transmission when earnings inequality reflects differences in individual skills and other non-skill shocks. We consider heterogeneity in both initial skills and skill growth rates, allowing variation in skill growth...

Persistent link: https://www.econbiz.de/10012482360